of the study on emerging countries could help policy-makers design more appropriate policies for those countries. In this …. In a highly integrated and globalized world, the study of co-movement, or integration, is important because the results … study, we are trying to answer how much of economic volatility in Macedonia can be explained by shocks originating in the …

effectiveness of the interest rate transmission channel in Macedonian economy. Based on the analysis for peg sustainability and … still existing problems in the functioning of the interest rate transmission channel, the main findings are that current … monetary policy strategy is still valid and regular monitoring of the environment that is changing dynamically is more then …