The National Bank of the Republic of North Macedonia has granted its Annual Award for Young Researchers for 2025 to Jasna Tonovska, an assistant and PhD candidate at the Faculty of Economics at Ss. Cyril and Methodius University in Skopje, for her paper “Volatility of international financial flows: implications for the Macedonian economy”. The awarded research argues that heightened volatility in international financial flows creates risks for domestic economic performance, particularly over the medium term, and concludes that macroprudential measures can be an effective tool to mitigate negative effects. It notes that this volatility became more pronounced after 2020 amid increased global uncertainty and rising geopolitical tensions. The central bank held a meeting with the award recipient, Governor Anita Angelovska-Bezhoska and the evaluation committee, and confirmed that the winning paper will be presented at a forthcoming session of the National Bank’s Research Club.
National Bank of the Republic of North Macedonia 2025-05-02
National Bank of the Republic of North Macedonia awards its 2025 annual young researchers prize to Jasna Tonovska for paper on volatility in international financial flows
The National Bank of the Republic of North Macedonia awarded its 2025 Annual Award for Young Researchers to Jasna Tonovska for her paper on the volatility of international financial flows and its implications for the Macedonian economy. The research highlights increased volatility post-2020 due to global uncertainty and geopolitical tensions, advocating macroprudential measures to mitigate risks. The paper will be presented at an upcoming session of the National Bank’s Research Club.