Former Yugoslav Republic of Macedonia: Selected Issues for the 2009 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Country Report No. 2010/020
Subject:
Conventional peg Emerging and frontier financial markets Fiscal stance Monetary base Public debt
English
Publication Date:
January 21, 2010
ISBN/ISSN:
9781451826173/1934-7685
Stock No:
1MKDEA2010002
Pages:
30
Please address any questions about this title to publications@imf.org