The Impact of Diferent Currency Areas on Regional Trade
The Impact of Diferent Currency Areas on Regional Trade

Summary/Abstract: The paper analyzes the effects of different currencies on regional cooperation and doing business for TNC’s. Today independent countries Slovenia, Croatia, Bosnia and Herzegovine, Serbia, FYR Macedonia, Montenegro, have had common currency (dinar). Dissolution of Ex-Yugoslavia led to the fall of common monetary area and formation of new states as well as new monetary area. Bosnia and Herzegovina established Convertible Mark (BAM), Croatia Kuna (HRK), FYR Macedonia dinar (MKD), Serbia dinar (RSD) and Monte Negro euro (EUR). We research how different currencies areas influence on the Tondach. We focus on Company Tondach in Serbia and Croatia and Macedonia. We test the main hypothesis: different currency areas have negative impact on income and trade (export and import) company. We data take from Tondach documentations and from other relevant statistics. Paper is part of our researches during last four years. Some of the result this research we published on the book and different papers.

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