The process of de-Euroisation in the Macedonian banking sector in the period of sovereign debt crisis

Madzova, Violeta and Sajnoski, Krste and Davcev, Ljupco (2014) The process of de-Euroisation in the Macedonian banking sector in the period of sovereign debt crisis. Science & Technologies, 4 (7). pp. 116-121. ISSN 1314-4111

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Abstract

Like in other Balkans countries, euroisation in Republic of Macedonia, was a process which started with the introduction of euro in EU, first by setting the euro as official anchor towards Denar as Macedonian national currency, and later on by increasing use of euro in deposit and credit activities of Macedonian banks. However due to the shocks created in the period of the post financial crisis and sovereign debt crisis in the countries of Eurozone, the process of de-euroisation has started-first in the Macedonian banking sector and later in other sectors of the Macedonian economy. This paper aims to present the effects of the process of de-euroisation in Macedonian banks, analyzing this phenomenon in three different items of banking sector balance sheets: liquid assets, credit portfolio and deposit base, through the methods of comparative and trend analysis.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Ljupco Davcev
Date Deposited: 09 Dec 2014 10:50
Last Modified: 09 Dec 2014 10:50
URI: http://eprints.ugd.edu.mk/id/eprint/11576

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