THE IMPACT OF MONETARY POLICY ON THE OPERATION OF SMALL AND MEDIUM-SIZED ENTERPRISES - ASSESSMENT USING A REGRESSION MODEL
THE IMPACT OF MONETARY POLICY ON THE OPERATION OF SMALL AND MEDIUM-SIZED ENTERPRISES - ASSESSMENT USING A REGRESSION MODEL

Summary/Abstract: How effective and efficient are the instruments of the monetary policy in stimulating the work of small and medium-sized enterprises? What are the studies that examine the impact of monetary policy on the survival of small and medium-sized enterprises? These questions initiate that the focus of this research is precisely determining the impact of monetary policy on the operation of small and medium-sized enterprises, which impact will be evaluated by applying the regression model. Despite the extensive literature available to us, there is still a lack of specific literature based on the relationship between monetary policy and the performance of small and medium-sized enterprises. For this purpose, this study tries to evaluate the impact that loans given by banks, the money supply in circulation M2 and the mandatory reserve have on the operation of wholesale and retail trade in the Republic of North Macedonia. It also investigates the effect that interest rates on treasury bills and interest rates on loans to small and medium enterprises have on the performance of small and medium enterprises. The rest of the work paper refers to the literature review, research methodology, presentation of results and concluding observations

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