The effectiveness of de-eurosiation measures in western Balkans countries
| Autor: | Violeta MADZOVA, Luljeta SADIKU |
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| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | Micro, Macro & Mezzo Geoinformation, Iss 8, Pp 39-49 (2017) |
| Druh dokumentu: | article |
| ISSN: | 1857-9000 1857-9019 |
| Popis: | The geographical proximity of the euro area as well as the close trade and financial relationship with Eurozone countries , accelerated the wide acceptance of Euro parallel with domestic national currency in all Balkan countries , while Montenegro and Kosovo accepted euro as their official tender. However , the turbulences in the Eurozone, brought many challenges to highly euroised Western Balkan countries including vulnerability of the financial system to sudden changes in capital flows, weakening the central banks‟ effectiveness in the conduct of their monetary policy in providing macroeconomic and financial stability. Thus, the WBC monetary authorities were forced to introduce certain macroprudential measures, to initiated the process the reversible process of de-euroisation. The aim of this paper is to analyze the effectiveness of the measures for deeuroisation, introduced by the authorities in three West Balkans countries , Macedonia, Serbia and Albania through measuring the effect of the interest rates spreads on both loans and deposits in local currencies and those expressed or indexed in euro. |
| Databáze: | Directory of Open Access Journals |
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