Former Yugoslav Republic of Macedonia: Selected Issues
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Summary:
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.
Series:
Country Report No. 2012/134
Subject:
Central bank policy rate Currencies Domestic debt Exchange rate arrangements Financial services Foreign exchange Government debt management Public debt Public financial management (PFM)
English
Publication Date:
June 8, 2012
ISBN/ISSN:
9781475504156/1934-7685
Stock No:
1MKDEA2012002
Pages:
34
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