Former Yugoslav Republic of Macedonia: Selected Issues
IMF Staff Country Reports, June 8, 2012
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- Former Yugoslav Republic of Macedonia: Selected Issues
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Bibliographic details
- Published: June 8, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475504156.002
Public debt markets and market development
- Assessment: Macedonia’s domestic debt market is in the early stages of development and is small by regional standards.
- Focus: The paper presents recommendations for further development of public debt markets.
- Subject tags relevant to this theme: Domestic debt, Government debt management, Public debt, Public financial management (PFM), debt market, market development.
Euroization: causes and analysis
- Analysis: The paper analyzes the main causes of euroization in Macedonia.
- Keywords related to this theme: Currencies, FX lending, FX-indexed loan, Foreign exchange, depreciation volatility, FX.
Monetary policy and exchange rate arrangements
- Discussion: Monetary policy in Macedonia is considered in the context of an exchange rate peg.
- Key point: 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.
- Related subjects and keywords: Central bank policy rate, monetary policy stance, NBRM interest rate policy, policy rate, Exchange rate arrangements.
Content in this bundle
- Former Yugoslav Republic of Macedonia: Selected Issues; IMF Country Report 12/134; May 16, 2012