Session

Management, Business and Economics

Description

In order to became a new European Union (EU) member, many countries have subordinated own monetary policy and accepted main objectives of EU monetary policy. Although it is quite clear that the defined goals and instruments of EU monetary policy can not equally match to the national objectives of the member countries, there is a common view that unique monetary policy has more advantages than disadvantages. For those countries that are in negotiation process is very important the time period of harmonization of monetary policy and realization of the set goals. That dynamic is more important than formal time of accession to EU. This paper explore monetary policy in Serbia, with reference to the main macroeconomic indicators, in order to determine the optimal moment of Serbia’s accession to the EU from the economic aspect, i.e. reaching the numerical values of key macroeconomic data that were singled out as the most important indicators in this process.

Keywords:

European Union, monetary policy, macroeconomic indicators, Republic of Serbia

Session Chair

Hasan Metin

Session Co-Chair

Bejtush Ademi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-59-2

First Page

53

Last Page

58

Location

Durres, Albania

Start Date

27-10-2017 3:00 PM

End Date

27-10-2017 4:30 PM

DOI

10.33107/ubt-ic.2017.241

Included in

Business Commons

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Oct 27th, 3:00 PM Oct 27th, 4:30 PM

Importance of adequate monetary policy in time dynamic of being a new member of European Union - case of Republic of Serbia

Durres, Albania

In order to became a new European Union (EU) member, many countries have subordinated own monetary policy and accepted main objectives of EU monetary policy. Although it is quite clear that the defined goals and instruments of EU monetary policy can not equally match to the national objectives of the member countries, there is a common view that unique monetary policy has more advantages than disadvantages. For those countries that are in negotiation process is very important the time period of harmonization of monetary policy and realization of the set goals. That dynamic is more important than formal time of accession to EU. This paper explore monetary policy in Serbia, with reference to the main macroeconomic indicators, in order to determine the optimal moment of Serbia’s accession to the EU from the economic aspect, i.e. reaching the numerical values of key macroeconomic data that were singled out as the most important indicators in this process.