Economic challenges of North Macedonia’s bridging toward European Union, with focus on real and nominal convergence

Dauti, Bardhyl and Emini, Edrina (2019) Economic challenges of North Macedonia’s bridging toward European Union, with focus on real and nominal convergence. ECONOMIC VISION International Scientific Journal in Economics, Finance, Business, Marketing, Management and Tourism, 6 (11-12). pp. 31-41. ISSN 2545-4544

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Abstract

The paper examines real and nominal convergence of North Macedonia toward European Union (EU) and European Monetary Union (EMU), with regard to real and external sector developments as well as fiscal and monetary developments in the country, in line with the Copenhagen and Maastricht criteria. Hence, the North Macedonia’s economic developments in prices, fiscal balances and debt ratio, exchange rates and long-term interest rates are reviewed from a backward – looking perspective, focusing mainly on the last 10 years. The results of the paper suggest that the country is on a good shape, with respect to transition developments, as well as real sector and external sector developments, thus enhancing the advancement of the country’s EU approximation path and is far away from monetary integration.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Unnamed user with email zshi@unite.edu.mk
Date Deposited:	28 Jan 2020 12:04
Last Modified:	23 Nov 2020 12:48
URI:	http://eprints.unite.edu.mk/id/eprint/410

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