ПОДГОТВЕНОСТА НА БАНКИТЕ ВО МАКЕДОНИЈА ПО ВОВЕДУВАЊЕ НА ЕВРОТО
CAPABILITY OF THE BANKS IN MACEDONIA AFTER THE INTRODUCTION OF THE EURO

Summary/Abstract: Republic of Macedonia is a small and open country in transition. Since it’s monetary independence it went through various external shocks. It should harmonize it’s strategy and look for it’s future within the EU and EMU. This is stressed after the Agreement for stabilization and association with the EU that was signed last year. After many negotiations, arrangements and harmonization of the different levels of the economic growth between the countries and the EU, project EMU has finalized the idea of the implementation of the EURO as the only currency since January 1st 2002. These are the reasons, because of which in the period of convergence of Macedonian economy towards the EU standards it is convenient to perform independent monetary policy to a possible level. Because of the narrow trade connections between Macedonia and EU and because of the long term decision for joining the economic integration, it should be made targeting of the exchange rates of the denar in the term of the EURO. For the Republic of Macedonia the most convenient is to accept the mechanism of the currency exchange rates known as ERM2 (Exchange Rate Mechanism 2). After the complete convergence of the performances of the real and finance sector with those of EU, it is possible the EURO to be introduced as a parallel currency.

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