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 …

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

, monetary and fiscal policy, can affect the real economy. This paper presents an estimate of the investment function for the … term production capacity in the economy. Investment, also, is one of the channels through which macroeconomic policies …Investment is one of the crucial macroeconomic variables - it adds to the capital stock and thus determines the long …

, the current account is viewed as the outcome of variations in macroeconomic “structural” determinants that influence the … sustainability of the Macedonian current account deficit using the structural model of the current account. According to this model … variables that had an effect on the Macedonian current account in the period 1998-2009, and that the sustainable level of the …