What we learned from the Global Economic Crisis (2008) about the strenghts and weaknesses of the financial system and macroeconomic stability in Macedonia

The financial system as a subsystem of the global economic system and social system in general has an
essential role in the efficient functioning of any economy. This paper, using the historical method, the methods of
synthesis, analysis, induction, deduction, quantification and the comparative scientific method, aims at noting the
strengths and weaknesses of financial institutions in Macedonia, not only in attacks of the global economic crisis (2008)
but also as a fundamental imperative for further economic growth and development.
Keywords: global economic system, financial institutions, economic growth and development