Addressing De-Euroization In Transition Economies: The Evidence of Macedonia

Boskov, Tatjana (2017) Addressing De-Euroization In Transition Economies: The Evidence of Macedonia. In: First International Scientific ConferenceChallenges of tourism and business logistics in the 21st century »ISCTBL 2017«, 24-25 Oct 2017, Gevgelija, Macedonia.

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Considering the exchange rate experience of Macedonia, it’s likely to remain significantly euroized country for an extended period. IMF considers that the appropriate strategy is the one which provides support for the gradual de-euroization for maintaining macro-prudential policy, development of the domestic market and maintain prudent policies that mitigate the risks of foreign currency. The investigation indicates that macroprudential policies are becoming an important driver of de-euroization. In terms of other drivers of euroization the findings of this analysis support the conventional view that deposit euroization and the interest rate differentials were the main determinants of credit euroization in Macedonia. Also, this paper analyzes the main reasons for the process of euroization in Macedonia and will be presented any aspect of the potential benefits of de-euroization.

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: 18 Jan 2018 09:32
Last Modified: 18 Jan 2018 09:32

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