Exchange Rate Regime and Economic Growth: The Evidence For Republic of Macedonia

Bishev, Gligor and Boskov, Tatjana and Radjenovic, Zarko (2016) Exchange Rate Regime and Economic Growth: The Evidence For Republic of Macedonia. In: LIMEN 2016 Leadership & Management: Integrated Politics of Research and Innovations, 15 Dec 2016, Belgrade, Serbia.

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Determining the equilibrium exchange rate and factors that determine it, will contribute for taking actions for increasing economic growth. Improving the terms of trade tends to increase the welfare of the country, its domestic demand and prices of non-traded goods, with real appreciation of the domestic currency (effect of welfare). According these, real exchange rate as a monetary instrument, can detect the performances for export growth, increase in aggregate demand, in this way increasing economic growth. Developed countries where increasing in economic growth rely on exports growth, could be example for Macedonia that exchange rate is not only instrument for maintaining price stability. Exchange rate is an instrument for improving exports performances, increasing economic growth as strengthening the stability of financial system. The research will examine the relationship between nominal effective exchange rate with other macroeconomic aggregates applying the ordinary least squares method. These estimations will underline the impact of exchange rate on economic growth in Macedonia.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tatjana Boskov
Date Deposited: 01 Mar 2017 10:11
Last Modified: 01 Mar 2017 10:11

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