Albania: Selected Issues and Statistical Appendix

Publication Date:

March 7, 2003

Electronic Access:

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Summary:

This Selected Issues paper and Statistical Appendix analyzes causes and consequences of real exchange rate appreciation in Albania. The paper highlights that Albania has experienced a sustained real appreciation since 1992, which appears to have been brought about by largely beneficial developments: price liberalization, productivity growth, external inflows, and a successful stabilization policy. The pace of appreciation has slowed in the last few years, and a real depreciation in 2002 has brought the real effective exchange rate back to its January 2000 level.

Series:

Country Report No. 2003/064

Subject:

English

Publication Date:

March 7, 2003

ISBN/ISSN:

9781451800715/1934-7685

Stock No:

1ALBEA0022003

Pages:

76

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