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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: 66.24 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 34
View: 4921

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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: 37.11 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 74
View: 3036

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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: 1475554877
Size: 66.93 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 25
View: 6345

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This Selected Issues paper quantifies the short- and medium-term growth effects of major ongoing highway and railway projects in the Former Yugoslav Republic of Macedonia. A standard neoclassical growth model is augmented with public capital to capture both demand and supply-side effects of public infrastructure investments. The calibrated model suggests that the four ongoing highway and railway investments of 2–3 percent of GDP annually for 2014–18 are likely to raise the growth rate of real GDP by 0.5 percentage points on average for each year in 2014–20. Enhancing public investment efficiency can increase growth effects up to 0.8 percentage points.

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: 46.68 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages : 29
View: 7309

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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.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484399005
Size: 48.77 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 36
View: 479

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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.

Selected Issues For The 2009 Article Iv Consultation

Selected Issues for the 2009 Article IV Consultation PDF
Author: International Monetary Fund Staff
Publisher:
ISBN: 9781451952773
Size: 75.22 MB
Format: PDF, Kindle
Category :
Languages : en
Pages :
View: 5791

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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.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475538553
Size: 42.10 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 57
View: 6620

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This 2011 Article IV Consultation highlights that Macedonia is poised to achieve low but positive growth under the baseline scenario of a shallow recession in the euro area. Under a downside scenario, growth would be weaker, and external financing pressures could arise. In the near term, the government would need to reduce expenditure growth to meet the 2012 deficit target. A key longer-term challenge would be to reconcile the competing objectives of higher public investment and increases in pensions and public wages while preserving low public debt and low taxes.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452740712
Size: 35.73 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 66
View: 1990

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Macedonia showed an economic recovery owing to its macroeconomic policies. Executive Directors appreciated the sound fiscal policies and efforts in bringing inflation under control and increasing international reserves. They stressed the need to reduce unemployment and keep the account deficit under control. Executive Directors stressed that the best way to meet these challenges would be by maintaining the country’s hard-won macroeconomic stability, accelerating structural reforms and prudent and well-coordinated monetary and fiscal policies, and liberalizing the labor market.

Former Yugoslav Republic Of Macedonia Selected Issues

Former Yugoslav Republic of Macedonia  Selected Issues PDF
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498315372
Size: 57.91 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 22
View: 302

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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Former Yugoslav Republic Of Macedonia

Former Yugoslav Republic of Macedonia PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451884540
Size: 62.89 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 63
View: 7039

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This 2009 Article IV Consultation highlights that the Former Yugoslav Republic of Macedonia’s vulnerability at the outset of the global crisis was its large current account deficit in the context of the exchange rate peg to the euro. At the same time, it benefited from a small fiscal deficit, modest public debt, and significant international reserve buffers. Executive Directors have praised the Macedonian authorities for the conduct of macroeconomic policies, which contributed to a modest downturn in Macedonia’s economy relative to other countries in the region.

Britannica Book Of The Year 2013

Britannica Book of the Year 2013 PDF
Author: Encyclopaedia Britannica, Inc.
Publisher: Encyclopaedia Britannica, Inc.
ISBN: 1625131038
Size: 69.60 MB
Format: PDF, ePub, Mobi
Category : Juvenile Nonfiction
Languages : en
Pages : 882
View: 5917

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The Britannica Book of the Year 2013 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.

Britannica Book Of The Year 2014

Britannica Book of the Year 2014 PDF
Author: Encyclopaedia Britannica, Inc.
Publisher: Encyclopedia Britannica, Inc.
ISBN: 1625131712
Size: 33.60 MB
Format: PDF
Category : Juvenile Nonfiction
Languages : en
Pages : 882
View: 2437

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The Britannica Book of the Year 2014 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.

Britannica Book Of The Year 2011

Britannica Book of the Year 2011 PDF
Author: Encyclopaedia Britannica, Inc.
Publisher: Encyclopaedia Britannica, Inc.
ISBN: 1615355006
Size: 25.69 MB
Format: PDF, ePub
Category : Juvenile Nonfiction
Languages : en
Pages : 880
View: 6998

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The Britannica Book fo the Year 2011 provides a valuable viewpoint on the people and events that shaped the year. In addition to keeping the Encyclopaedia Britannica updated, it serves as a great reference source for the latest news on the ever-changing populations, governments, and economies throughout the world.

State Owned Banks In The Transition

State owned Banks in the Transition PDF
Author: Khaled Sherif
Publisher: World Bank Publications
ISBN: 9780821354995
Size: 61.70 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 122
View: 3289

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'State-Owned Banks in the Transition: Origins, Evolution, and Policy Responses' reviews the experience with state banking over the last decade in the transition economies of Europe and Central Asia. State ownership of banking systems has undermined economic reform efforts and has distorted emerging markets. This study compares various approaches to reform and calls attention to the significant costs associated with continued state ownership. It concludes with lessons from experience and recommendations for policymakers on approaches to reducing state ownership of banks in the region. The findings indicate that restructuring of state banks has proven time consuming and costly, and governments are better off moving swiftly to privatize or liquidate their remaining state banks rather than attempting to rehabilitate them. This report includes seven case studies of individual state banks that have been reformed or privatized over the past decade. The case studies highlight the challenges of implementing various reform measures and illustrate how such challenges have been addressed in difficult economic and political contexts.

Britannica Book Of The Year 2012

Britannica Book of the Year 2012 PDF
Author: Encyclopaedia Britannica, Inc.
Publisher: Encyclopaedia Britannica, Inc.
ISBN: 1615356185
Size: 12.68 MB
Format: PDF, Kindle
Category : Juvenile Nonfiction
Languages : en
Pages : 882
View: 6523

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The Britannica Book of the Year 2012 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.

Britannica Book Of The Year 2010

Britannica Book of the Year 2010 PDF
Author: Encyclopaedia Britannica, Inc.
Publisher: Encyclopaedia Britannica, Inc.
ISBN: 1615353666
Size: 34.64 MB
Format: PDF
Category : Juvenile Nonfiction
Languages : en
Pages : 880
View: 4731

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The Britannica Book of the Year 2010 provides a valuable veiwpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.