The Impact of the Required Reserve on the Monetary Multiplication in the Republic of Macedonias The Impact of the Required Reserve on the Monetary Multiplication in the Republic of Macedonias
Journal Title: TEM JOURNAL - Year 2014, Vol 3, Issue 3
Abstract
One of the primary and most important tasks of any central bank is conducting monetary policy in the state. In Macedonia the only central and issuing bank is the National Bank of Macedonia, which is responsible for the monetary and financial stability in the country, while performing important functions, without which the overall economic and financial system could not exist. In exercising its functions, the National Bank of Macedonia uses a set of economic instruments and policies, from which in RM the most efective is the required resserve. This monetary tool is showing the best results in developing countries where the financial markets are not developed and where there is a high concentration of the banking sector (in RM banks occupy a good 98% of total financial institutions). The role of the reserve will be analyzed through the prism of its effects on the process of multiplication the money supply in the country and its contribution to generating or withdrawal of money by the central bank. The main goal of the paper is to research the required reserve, as a monetary instrument, and to qualify its impact on the monetary creation in the Republic of Macedonia. The basic methods, used in this paper are the positive analysis, comparative analysis and deductive approach.
Authors and Affiliations
Aleksandar Dejanovski, Dori Pavloska Gorgioska
Keywords
Related Articles
- EP ID EP88785
- DOI -
- Views 202
- Downloads 0
Metamodel of the REA model level
This paper describes the gradual formation of the metamodel of the REA model level of the REA enterprise ontology. The paper aims to create a basic structure that allows creating valid models of the ontology. The f...
Non-Stationary Heat Conduction through Transparent Thermal Insulators
This document refers to the non-stationary heat conduction through transparent thermal insulators. Non-stationary heat transfer means that temperature varies in time, in all points of the thermal field. Temporal an...
Combining and Supporting Expert Based Learning and Academic Based Learning in Developing Mobile Learning Knowledge Management System
The focus of this research is to review and realize comparative analysis of Knowledge Management, Mobile Learning, Adaptive Learning Environments, with analysis of Expert Based learning, and Academic Learning. The inters...
Lean Startup in Croatia - Does the Croatian Startup Scene Develop Effective Enterprises?
In times of general business uncertainty, when the companies face challenges upon which their further existence depends, one of the reactions of the management board is influencing the processes which lead to a relativel...
SCORM Player WP7: a Software Solution for Review and Presentation of the Learning Content on Mobile Devices
The purpose of this paper is to present a software solution we have developed in order to enable download, review and presentation of the learning content on mobile devices. This Windows Phone 7solution, named SCOR...