transmission channels. In addition, the effects of monetary policy on macroeconomic variables during the crisis are also analysed … the acute stage of the crisis, monetary policy was forced to react to pressures on foreign exchange market. However, there … are indications that, once the situation in the foreign exchange market stabilised, monetary policy started to support …

The study explores the corporate sector debt in the Macedonian economy. It starts by a narrative scrutiny of its … provides no evidence that corporate sector in Macedonia deleveraged after the burst of the global financial and economic crisis … investigation, to explore the link between corporate debt and GDP, and assess where the corporate debt stands in terms of its …

economy being in medium-term equilibrium. Results suggest that the slowdown reflects both return of the credit activity to its …What explains the post-crisis slowdown in bank credit to private sector in the South-East European economies? We try to … fundamental value, and return of the fundamental values to their equilibrium levels, after years of excessiveness during the pre …

The worldwide financial crisis revealed that some of the basic consensuses concerning the macroeconomic policy …, strategies and policy instruments, with particular focus on the interactions between monetary and financial stability policies …’ bearing on the roles and responsibilities of the National Bank of the Republic of North Macedonia. In the last decade, legal …