Savings and Ethics of the Population in the Republic of Macedonia

The financial system as a subsystem of the global economic system plays an essential role in the efficient
functioning of the global economy. Some of the main features of the financial sector of the Republic of Macedonia
are the low degree of inter-sectoral integration and the limited intercross ownership among the separate financial
segments. The aim of this paper is to prove the influence of the financial institutions on the macro economy in the
Republic of Macedonia through savings of the population correlated with the importance of knowledge of the
ethics in savings. A surveying research was conducted on a statistical sample of 1250 respondents, where the
analyzed data obtained with the basic statistical parameters of 7 variables were estimated measures of variability
(Std. Dev., Skewness, Kurtosis and KV%). As it is obvious in the above-mentioned research, we can conclude that
in Macedonia the amount of savings of the population is generally low. The respondents were mainly insufficiently
acquainted with the financial conditions and the possibilities of the market and the financial institutions. People do
not have any knowledge about ethics in savings in order to increase savings. In this direction, in the conclusion of
this paper, some new measures for increasing of the savings in other financial institutions will also be offered.
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Keywords: financial institutions; savings; ethics; measures.