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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
In: XII International Conference on economy, business & society in digitalized environment: proceedings. / Risteska Jankuloska, Aneta (Ed.). Prilep: University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep, 2022. pp. 46-60. urn:nbn:hr:192:623132
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. In A. Risteska Jankuloska, (Ed.), XII International Conference on economy, business & society in digitalized environment: proceedings (pp. 46-60). Prilep: University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep. Retrieved from https://urn.nsk.hr/urn:nbn:hr:192:623132

Ilievski, Andrej and Mario Pečarić. "Challenges of the introduction of the digital euro – search for a compatibility model for North Macedonia." XII International Conference on economy, business & society in digitalized environment: proceedings, edited by Aneta Risteska Jankuloska, University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep, 2022, pp. 46-60. https://urn.nsk.hr/urn:nbn:hr:192:623132

Ilievski, Andrej and Mario Pečarić. "Challenges of the introduction of the digital euro – search for a compatibility model for North Macedonia." In XII International Conference on economy, business & society in digitalized environment: proceedings, 46-60. Prilep: University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep, 2022. Accessed 2024 September 30. https://urn.nsk.hr/urn:nbn:hr:192:623132

Ilievski, A. and Pečarić, M. (2022) 'Challenges of the introduction of the digital euro – search for a compatibility model for North Macedonia', in Risteska Jankuloska, A. (ed.), XII International Conference on economy, business & society in digitalized environment: proceedings, University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep, Prilep, pp. 46-60. Available at: https://urn.nsk.hr/urn:nbn:hr:192:623132 (Accessed 30 September 2024)

Ilievski A, Pečarić M. Challenges of the introduction of the digital euro – search for a compatibility model for North Macedonia. In: A. Risteska Jankuloska, ed. XII International Conference on economy, business & society in digitalized environment: proceedings. Prilep: University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep; 2022. Pp. 46-60. [cited 2024 September 30] Available at: https://urn.nsk.hr/urn:nbn:hr:192:623132

A. Ilievski and M. Pečarić, "Challenges of the introduction of the digital euro – search for a compatibility model for North Macedonia", XII International Conference on economy, business & society in digitalized environment: proceedings, A. Risteska Jankuloska, Ed. Prilep: University "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep, 2022. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:192:623132 [Accessed: 30 September 2024]

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Metadata
Title (croatian)Challenges of the introduction of the digital euro – search for a compatibility model for North Macedonia
AuthorAndrej Ilievski
AuthorMario Pečarić
EditorAneta Risteska Jankuloska
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Author's institutionUniversity of Split
Faculty of economics Split
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (croatian)
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 cross-border 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 (croatian)
Languagecroatian
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Publication titleXII International Conference on economy, business & society in digitalized environment: proceedings
Numberingpp. 46-60
ISBN978-9989-695-70-4
URN:NBNurn:nbn:hr:192:623132
Publication2022
ConferenceTitle: XII International Conference on Economy, Business & Society in Digitalized Environment
Acronym: EBSIDE 2022
Location: Prilep, Macedonia
Organizer: Faculty of economy, Prilep; University St Kliment Ohridski, Bitola
Start date: 2022-09-23
End date: 2022-09-25
Assembly type: Lecture
Type of resourceText
PublisherUniversity "St. Kliment Ohridski" – Bitola; Faculty of Economics - Prilep
Publishing placePrilep
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-06-07 16:41:27