INTEREST RATES AND INFLATION AS DETERMINANT FACTORS OF SAVING IN COMMERCIAL BANKS OF NORTH MACEDONIA

Maksuti, Ali (2024) INTEREST RATES AND INFLATION AS DETERMINANT FACTORS OF SAVING IN COMMERCIAL BANKS OF NORTH MACEDONIA. ECONOMIC VISION International Scientific Journal in Economics, Finance, Business, Marketing, Management and Tourism, 11 (21-22). pp. 42-49. ISSN 2545-4544

Text Economic Vision, Vol.10, No.19-20-42-49.pdf Download (500kB)

Abstract

This study aims to analyze the effect of the Central Bank of North Macedonia (National Bank), which is in North Macedonia presented by National Central Bank (BI) Rate and inflation rate on the savings rate at commercial banks in North Macedonia by using the analysis tools of autoregressive conditional heteroscedasticity (ARCH) and generalized autoregressive conditional heteroscedasticity (GARCH). The analysis results show that the BI Rate and inflation significantly affect saving rates at commercial banks in North Macedonia. The importance of being a source of investment funds to support development activities can be a consideration for the government to formulate a policy for allocating investment from these savings funds for productive sectors. Practically, it is hoped that the distribution of savings through investment activities can encourage economic growth and increase economic development in North Macedonia.

Item Type:	Article
Uncontrolled Keywords:	Interest rate, inflation, National Central Bank
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Unnamed user with email zshi@unite.edu.mk
Date Deposited:	26 Sep 2024 08:38
Last Modified:	26 Sep 2024 08:38
URI:	http://eprints.unite.edu.mk/id/eprint/1689

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