Former Yugoslav Republic of Macedonia : Selected Issues

Publication Date: June 08, 2012

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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: IMF Staff Country Reports
Subject(s): Currency pegs | Euro | Exchange rate regimes | Selected issues | Debt market development

Publication Date: June 08, 2012
ISBN/ISSN: 9781475504156/1934-7685 Format: Paper
Stock No: 1MKDEA2012002 Pages: 34
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