THE ROLE OF MONETARY POLICY IN ENSURING  MACROECONOMIC STABILITY

Snežana Krstić; Ljubomir Miljković; Dejan Obućinski; Nikolina Ljubojević

doi:10.59864/Oditor42502SK

Authors

Snežana Krstić Military Academy, University of Defense in Belgrade, Veljka Lukića Kurjaka 33, Belgrade, Serbia, Author https://orcid.org/0000-0001-6666-6401
Ljubomir Miljković Faculty of Business and Law, University of Belgrade, Teodora Drajzera 27, Belgrade, Serbia Author https://orcid.org/0000-0002-3113-1922
Dejan Obućinski Belgrade Academy of Business and Art Professional Studies, Kraljice Marije 73, Belgrade, Serbia Author https://orcid.org/0000-0002-6176-5360
Nikolina Ljubojević College of Professional Studies Business, Obrenovićeva 23, Niš, Serbia Author https://orcid.org/0009-0001-1519-0666

DOI:

https://doi.org/10.59864/Oditor42502SK

Keywords:

management, European Union, public debt, monetary policy, fiscal policy

Abstract

The causes of the crisis of the common currency of the European Union can be seen as the collapse of Europe itself through the use of a common currency that unites 18 countries into a consistent and regulated system. Greece, Portugal, Spain, Italy and Ireland were on the verge of financial bankruptcy, which could have caused the collapse of the entire financial system of Europe and other global markets. The European Union has shown that it has the strength to cope with the financial crisis that has shaken it. The necessity of harmonizing monetary policy at the level of the European Union and fiscal policy at the level of each of its members has proven to be a necessary measure so that the common currency can continue to function. The paper deals with the issue of the public debt crisis of the European Union member states, the mismatch between monetary and fiscal policies.

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