ANALYSIS OF THE MACEDONIAN LEGAL FRAMEWORK ON BANK LIQUIDITY

Abstract

The main purpose of this paper is the analysis of the relevant legal
framework providing bank liquidity in Macedonia. The National Bank
of the Republic of Macedonia is the most important institution which
adopts various Resolutions ensuring successful management of bank
liquidity. Within the past years, as well as today, the National Bank of
the Republic of Macedonia has adopted an adequate regulation in
order to provide the basic directions and measures for managing the
bank liquidity.

According to the relevant regulation in our country, the National
Bank of the Republic of Macedonia adopts directions and measures on
prudent management of bank liquidity. Nowadays, we experience the
consequences of the worst crisis in the economy – a world financial
crisis. For this reason, the banks face the challenge to observe the
liquidity of the global financial system in Macedonia in order to
maintain the fiscal and monetary macro balance.