1. Dragana Marković, Ekonomski fakultet Univerziteta u Kragujevac, Serbia
2. Srđan Furtula, Ekonomski fakultet Univerziteta u Kragujevac, Serbia
There are a number of alternative exchange rate regimes, which can be classified into
euroization, the currency board and monetary union. Appropriate cost-benefit analysis of
alternative exchange rate regime, is one of the most important issues in the states which are
entering in the appropriate currency arrangements, in order to choose the most appropriate
exchange rate regime. The biggest disadvantage of accepting any of the alternative exchange
rate regimes is the loss of monetary sovereignty.
National central bank or ceases to exist or loses its real power to influence the price of
currencies, that determines the amount of money in circulation or changing short-term interest
rates, which leads to the question of choosing alternative exchange rate regimes. Accordingly,
the aim of this paper is to analyze the advantages and disadvantages of the loss of monetary
sovereignty and possibilities that the central bank manages the national monetary policy.
Ključne reči :
Tematska oblast:
Entrepreneurship, Growth and Competitiveness
Datum:
07.04.2015.
REDETE 2014 - Researching Economic Development and Entrepreneurship in Transition Economies
