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Macedonian Stock Exchange: Development Of Investment Banking As Opportunity For Larger Investments In National Economy


  • Ivanovska, Nadica

    () (Central Cooperative Bank Skopje)

  • Ivanovski, Zoran

    (University of Tourism and Management in Skopje, Macedonia)


Institutional concentration of financial aggregates as well their market allocation through stock exchange is one of the basic conditions for efficient and fast economic growth. Full implementation of above mentioned functions also means appropriate place for investment banking, and their activities on primary capital market. This can be opportunity for larger investments in national economy and tourism.

Suggested Citation

  • Ivanovska, Nadica & Ivanovski, Zoran, 2011. "Macedonian Stock Exchange: Development Of Investment Banking As Opportunity For Larger Investments In National Economy," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 2(2), pages 221-226.
  • Handle: RePEc:ris:utmsje:0043

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    More about this item


    national economy; development of investment; investments banking; national economy; financial agregates; tourism;

    JEL classification:

    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance


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