prikaz prve stranice dokumenta Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia
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Scientific paper - Original scientific paper
Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia
Southeast European Review of Business and Economics (SERBE), 3 (2022), 2; 9-25. https://doi.org/10.20544/SERBE.06.02.22.P01
Ilievski, Andrej; Pečarić, Mario

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Ilievski, A. & Pečarić, M. (2022). Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia. Southeast European Review of Business and Economics (SERBE), 3. (2), 9-25. doi: 10.20544/SERBE.06.02.22.P01

Ilievski, Andrej and Mario Pečarić. "Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia." Southeast European Review of Business and Economics (SERBE), vol. 3, no. 2, 2022, pp. 9-25. https://doi.org/10.20544/SERBE.06.02.22.P01

Ilievski, Andrej and Mario Pečarić. "Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia." Southeast European Review of Business and Economics (SERBE) 3, no. 2 (2022): 9-25. https://doi.org/10.20544/SERBE.06.02.22.P01

Ilievski, A. and Pečarić, M. (2022) 'Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia', Southeast European Review of Business and Economics (SERBE), 3(2), pp. 9-25. doi: 10.20544/SERBE.06.02.22.P01

Ilievski A, Pečarić M. Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia. Southeast European Review of Business and Economics (SERBE) [Internet]. 2022 [cited 2024 August 28];3(2):9-25. doi: 10.20544/SERBE.06.02.22.P01

A. Ilievski and M. Pečarić, "Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia", Southeast European Review of Business and Economics (SERBE), vol. 3, no. 2, pp. 9-25, 2022. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:015609. [Accessed: 28 August 2024]

Metadata
Title (english)Challenges of the introduction of the digital euro - search for a compatibility model for North Macedonia
AuthorAndrej Ilievski
AuthorMario Pečarić
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The introduction of the digital euro will have an impact on the implementation of the financial policy of North Macedonia. Based on an assessment of its own interests and capabilities, North Macedonia can decide on a model for compatibility with the digital euro. The paper analyses three possible models for cross-border system compatibility. Assuming that a digital euro provides a new channel for the transmission of domestic monetary policy shocks, the basic crossborder effects of the introduction of the digital euro can be summarised as an increase in euroisation, a reduction in monetary policy independence and a reduction in the creditor function of last resort. These effects need to be countered with integrated smart features such as automatic remuneration and bilateral cooperation with the ECB or a combination of these models. According to the analysis, this functionality can be achieved through the model, which is a technological bridge between the systems, as opposed to the model, which is a separate system, or the model, which is integrated. Although the proposed model is the most desirable in terms of potential gains and addressing potential risks, this model involves the development of an own digital currency (digital denar).
Keywords (english)
Languagecroatian
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleSoutheast European Review of Business and Economics (SERBE)
Numberingvol. 3, no. 2, pp. 9-25
e-ISSN2671-339X
DOIhttps://doi.org/10.20544/SERBE.06.02.22.P01
URN:NBNurn:nbn:hr:192:015609
Publication2022
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-06-12 06:34:42