Karadjova, Vera and Trajkov, Aleksandar and Danijela, MIloshoska (2024) FACTORS INFLUENCING TOTAL CREDIT ISSUANCE TO INDIVIDUALS: THE ROLE OF ECONOMIC INDICATORS AND COST OF LIVING. In: 13th International Scientific Conference "Employment, Education and Entrepreneurship", October 25, 2024, Belgrade, Serbia.
Full text not available from this repository.Abstract
This study conducts a detailed regression analysis to explore the determinants of total credits extended to individuals in N. Macedonia over the period from December 2010 to May 2024. The dependent variable, total credits, is analyzed in relation to several independent economic indicators: the minimum union basket, COICOP-based inflation, COICOP cost of living indexes, and weighted interest rates on deposits and loans. The minimum union basket is examined for its influence on credit demand by reflecting the basic living standards required for wage negotiations. COICOP-based inflation provides insights into how price level changes affect the purchasing power and subsequently the demand for credit. Cost of living indexes, classified by COICOP, are analyzed to determine their effect on the real cost of living and credit utilization across various segments of the population. Weighted interest rates on deposits and loans are assessed for their impact on borrowing behavior and overall credit availability. This comprehensive analysis provides valuable insights into the interactions among these variables and their collective impact on credit dynamics, offering essential information for policymakers and financial institutions in developing effective economic and financial strategies. Understanding these relationships is crucial for policymakers and financial institutions to anticipate and mitigate economic fluctuations. Insights gained from this study can inform effective monetary and fiscal policies, enhance financial stability, and improve credit market responsiveness, ultimately supporting sustainable economic growth and individual financial well-being.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Tourism and Hospitality |
| Depositing User: | Prof. d-r Vera Karadjova |
| Date Deposited: | 28 Jan 2025 11:05 |
| Last Modified: | 28 Jan 2025 11:05 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/10585 |
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