Former Yugoslav Republic of Macedonia : Selected Issues for the 2009 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

January 20, 2010

Electronic Access:

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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. 09/20

Subject:

English

Publication Date:

January 20, 2010

ISBN/ISSN:

9781451952773/1934-7685

Stock No:

1MKDEA2009003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

30

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