UNILATERAL EUROISATION AS MONETARY PHENOMENON

Unilateral euroisation is alternative monetary regime in which assumes nacional currency withdrawning from circulacion, and euro becoming official and unique means of payment. It is most often used under conditons of hiperinflation, when there is no credibility monetary autority, and where the costs of introducing euro are minimal, because of nacional currency depreciation. However, Euroisation adventages and benefits are often unpredictable while the costs are real and risks are huge. Therefore, the Euroisation is not concerned as universal solution, but only as consequence-solving, but not the problem cause solving. Serbia doesn`t show some bigger interest for Euroisation, which will not become Serbia monetary policy supporter in the future, and that is completely in accordance with the EU intention.

Key words: Unilateral Euroisation, European Monetary Union, monetary policy, National Bank of Serbia

JEL Clasification: E42