Importance of adequate monetary policy in time dynamic of being a new member of European Union - case of Republic of Serbia
Abstract: 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 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 the negotiation process, the time period of harmonisation of monetary policy and realisation of the set goals is very important. That dynamic is more important than formal time of accession to the 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 singled out as the most important indicators in this process.
engleski
2017
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Keywords: European Union, monetary policy, macroeconomic indicators, Republic of Serbia