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Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475504152
Size: 41.27 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 34
View: 1997

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This Selected Issues Paper assesses Macedonia’s public debt markets and presents recommendations for their further development. Macedonia’s domestic debt market is in the early stages of development and is small by regional standards. The paper also analyzes the main causes of euroization in Macedonia. It discusses the nature of monetary policy in Macedonia where despite an exchange rate peg owing to imperfect capital mobility, there exists some degree of autonomy in the conduct of monetary policy in the short term.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451826044
Size: 25.43 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 74
View: 7548

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This Selected Issues paper and Statistical Appendix formulates a medium-term fiscal framework for the Former Yugoslav Republic of Macedonia (FYRM) and discusses the tensions that are likely to arise in formulating policy measures. The paper reviews recent fiscal developments and the 2002 budget. It discusses medium-term revenue and expenditure issues, the uncertainties and risks underlying the fiscal framework, and the sensitivity of the fiscal outlook to some of these uncertainties and risks. The paper also compares the size and structural aspects of FYRM’s public finances to those of other countries in the region.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1513551396
Size: 57.17 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 38
View: 3382

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This Selected Issues paper analyzes export competitiveness in the Former Yugoslav Republic of Macedonia (FYR Macedonia). Export performance in FYR Macedonia has been strong over the last decade, critically contributing to overall growth. Exports have been re-oriented toward new products with higher technological content, allowing for the build-up of revealed comparative advantages in these products. The analysis based on Constant Market Share analysis shows that the overall competitiveness gap of FYR Macedonia with respect to other emerging European countries has narrowed. There appears to be significant room for quality improvement, including for the most successful export products. Although the contribution of exports to GDP growth has been significant, spillover into the domestic tradable sector from the foreign investment led export sector remains limited so far.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484336674
Size: 48.36 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 36
View: 7118

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The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough constraints on the demand or supply side. Considerable achievements can be made by maintaining macroeconomic stability, attracting FDI, and closing the educational gaps. The second paper assesses ways in which the Macedonian financial sector could better contribute to growth and real convergence, taking stock of where the sector stands and its recent developments. Streamlining bankruptcy procedures, improving collateral and systematic collection and publication of real estate sales data, and revisiting the interest rate cap may serve to moderately boost credit supply.

Former Yugoslav Republic Of Macedonia Selected Issues For The 2009 Article Iv Consultation

Former Yugoslav Republic of Macedonia  Selected Issues for the 2009 Article IV Consultation PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451826176
Size: 47.18 MB
Format: PDF, Mobi
Category :
Languages : en
Pages : 29
View: 478

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This Selected Issues paper assesses the desired level of foreign exchange reserves in the Former Yugoslav Republic of Macedonia, given its commitment to maintain the exchange rate peg. A variety of methods including popular rules of thumb, comparisons with other emerging countries, and model-based estimates suggest a target range of €1.5-2 billion for reserves. The paper also looks at reserve levels that would be implied by popular rules of thumb and at benchmarks suggested by other emerging market countries.