Repo transactions - theoretical aspects and prerequisites for their revival in Republic of Macedonia

Dicevska, Snezana and Karadjova, Vera (2014) Repo transactions - theoretical aspects and prerequisites for their revival in Republic of Macedonia. In: The third International Conference “Employment, Education and Entrepreneurship”, 15-17 October 2014, Belgrade, Serbia.

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Repo market is one of the largest and most active sectors of developed money markets, and in time of crisis of financial markets, play a key role in providing liquidity to the financial system. Today, repo transactions represent an important instrument for many central banks, commercial banks and financial institutions. Many market participants begin repo transactions because of their simplicity and ability to adapt to different market conditions. The existence of the repo market increase significantly affect the market liquidity of bonds and stocks, reducing costs and enabling issuers better protection against risks. The purpose of the paper is a contribution to a better understanding of the role of the repo market, the importance of efficient repo market for financial markets and market participants. The paper gives a brief elaboration of the main features of repo transactions and the manner of repo transactions. This paper covers an overview of repo markets in some of the countries in transition in order to understand which conditions need to be fulfilled to enable the development of financial markets, and thus the financial repo transactions. Finally, the paper will cover the current level of development of the repo market in Republic of Macedonia, as well as preconditions for its rapid development.

Key words: Repo Transaction, Financial Markets, Securities, Bonds, Banks

JEL Classification: G19

UDK: 336.763.33(497.7)

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: 27 May 2020 22:17
Last Modified: 27 May 2020 22:17

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