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Effects of Different Currencies and Exchange Rate Regimes in Post-Yugoslav Countries during the Global Financial and Economic Crisis

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  • Ivanka Petkova

Abstract

The paper examines the national currencies and their exchange rate regimes in the successor countries of the Socialist Federal Republic of Yugoslavia, which experienced a shift from an optimum currency area to a variety of national currencies. The effects of the existence of several national currencies and of sharing a single currency both unilaterally, and officially, on trade in the region are evaluated. The role of the national currencies and exchange rate regimes in regional economic links are elaborated. Channels through which the substantial instability and excess volatility, as well as the de facto euroization are influencing the banking sectors during the global financial and economic crisis are discussed.

Suggested Citation

  • Ivanka Petkova, 2011. "Effects of Different Currencies and Exchange Rate Regimes in Post-Yugoslav Countries during the Global Financial and Economic Crisis," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 148-160.
    • Handle: RePEc:bas:econst:y:2011:i:2:p:148-160
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    References listed on IDEAS

    as
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    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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