Discussion Forum

Opening Interviews

Back to top

Keynote papers

Back to top

Session Conference Papers I: Divisia Monetary Aggregates and Contemporary Monetary Challenges

Not all money is created equal: Divisia indices and the flow of funds

Divisia indices are a clever proposal to enhance the informational content of the monetary aggregates by constructing a (neoclassical) theory consistent weighted aggregate of the amounts of different kinds of money (cash, different kinds of deposits, …). Ideally, the weights …

Back to top

Session Conference Papers II: Divisia Monetary Aggregates: Prospects and Future Research Potential

Financial firm production of monetary and credit card services: An aggregation theoretic approach

A monetary-production model of financial firms is employed to investigate supply-side monetary aggregation, augmented to include credit card transaction services. Financial firms are conceived to produce monetary and credit card transaction services as outputs through financial intermediation. While credit cards …

User cost of credit card services under risk with intertemporal nonseparability

This paper derives the user cost of monetary assets and credit card services with interest rate risk under the assumption of intertemporal non-separability. Barnett and Su (2016) derived theory permitting inclusion of credit card transaction services into Divisia monetary aggregates. …

Back to top

Session Conference Papers III: Finance and Growth: Changes and Transformation

Where macroeconomic instability meets economic growth?

Long-term macroeconomic stability is the most important objective of benevolent decision-makers. Moreover, the link between economic growth and macroeconomic stability becomes very intriguing for the scholars during and after the moments of the Great Recession. Our research of the volatility-growth …

A macroprudential policy framework for Albania

This paper discusses a framework for macroprudential policy in Albania, which is a foundation stone for ensuring financial stability role of a central bank. It focuses the way the macroprudential policy framework should be designed in a small and open …

Back to top

Suggested Reading I: Open Access Papers

In search for ways to welfare state: The impact of old and new social risks on the fiscal sustainability in the Visegrád Group countries

Zioło, M. Flejterski, S. and Kubicki, R. (2014). In search for ways to welfare state: The impact of old and new social risks on the fiscal sustainability in the Visegrád Group countries. Estudios en Ciencias Sociales y Administrativas de la Universidad de Celaya, 4(1), 135-149.

READ THE OPEN ACCESS VERSION

Effects of foreign capital entry on the Macedonian banking industry: Two-edged sword

Fidanoski, F., Sergi, B. S., Simeonovski, K., Naumovski, V. and Sazdovski, I. (2018). Effects of foreign capital entry on the Macedonian banking industry: Two-edged sword. In B. S. Sergi, F. Fidanoski, M. Zioło and V. Naumovski (Eds.). Regaining global stability after the financial crisis (Forthcoming). IGI Global.

READ THE OPEN ACCESS VERSION

New Keynesian macroeconomics: Empirically tested in the case of Republic of Macedonia

Josheski, Dushko; Lazarov, Darko (2012) : New Keynesian Macroeconomics: Empirically tested in the case of
Republic of Macedonia, http:// hdl.handle.net/10419/64403

READ THE OPEN ACCESS VERSION

Where did the money go? Endogenous money creation for international fraudulent purposes: the case of the 2015 Moldovan banking scandal

Pilkington, M. (2015). Where did the money go? Endogenous money creation for international fraudulent purposes: The case of the 2015 Moldovan banking scandal. International Journal of Pluralism and Economics Education, 6(3), 251-271.

READ THE OPEN ACCESS VERSION

Back to top

Suggested Reading II: Other Related Papers

Crisis as unexpected transition . . .to a greed-based economic system

Andreff, W. (2013). Crisis as unexpected transition… to a greed-based economic system.In Contradictions: Finance, Greed, and Labor Unequally Paid (pp. 1-48). Emerald Group Publishing Limited.

The fiscal theory of price level: A theory of monetary-fiscal policy coordination

Filipovski, V. (2016). The fiscal theory of price level: A theory of monetary and fiscal policy coordination. Annual of the Faculty of Economics – Skopje, 51(1), 527-537.

The effectiveness of the Croatian monetary policy: Empirical investigation

Adžić, S. and Davidović, M. (2015). Monetary policy effectiveness in Croatia: Evidence from a restricted VAR model (VECM). Economics/Ekonomija, 22(2), 445-469.

Bank strategy and governance

Choudhry, M. (2012). The principles of banking. New York: Wiley.

Bank liquidity risk management

Choudhry, M. (2012). The principles of banking. New York: Wiley.

The role of the government in enhancing sustainable entrepreneurships

Zioło, M. and Ben Ghoul, M. (2018) The role of the government in enhancing sustainable entrepreneurship: Does a bigger government always mean less entrepreneurship?. International Journal of Business and Globalisation, Forthcoming

Back to top