This report should be regarded as an initial study that sets the basis for a more thorough and systematic analysis of the PFS in Macedonia, and its findings should be regarded in that light. The report comprises:• Current state of affairs.• Identification of main achievements and weaknesses...

In this paper, a multivariate analysis of the computer statistics, i.e. the Cluster analysis of the banking system concentration indicators and the financial intermediation and portfolio quality indicators by applying the complete linkage and the Ward's linkage method are presented. The main...

This paper focuses on investigating the determinants of lending rates and interest rate spreads in Macedonia. In order to quantify the effect of various factors on lending rates and interest rate spreads during the 2001-2009 period, we use panel estimation techniques on a sample of commercial...