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150128 ||| eng |
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|a 9781484386354
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| 245 |
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|a Republic of Armenia
|b Sixth Reviews Under the Extended Fund Facility Arrangement and the Extended Credit Facility Arrangement
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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| 300 |
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|a 63 pages
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| 651 |
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4 |
|a Armenia, Republic of
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| 653 |
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|a Revenue administration
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| 653 |
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|a Public Finance
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Mortgages
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| 653 |
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|a Loans
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| 653 |
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|a Monetary economics
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Credit
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Banks
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| 653 |
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|a Currency
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Money
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| 653 |
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|a Finance
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| 653 |
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|a Revenue
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| 653 |
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|a Banking
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Price Level
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| 653 |
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|a Inflation
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| 653 |
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|a Prices
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| 653 |
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|a Deflation
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| 653 |
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|a Financial institutions
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| 653 |
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|a Banks and banking
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| 710 |
2 |
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|a International Monetary Fund
|b Middle East and Central Asia Dept
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Staff Country Reports
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| 028 |
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|a 10.5089/9781484386354.002
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| 856 |
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|u https://elibrary.imf.org/view/journals/002/2013/238/002.2013.issue-238-en.xml?cid=40835-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper discusses the Republic of Armenia’s Sixth reviews under the Extended Fund Facility Arrangement, and the Extended Credit Facility Arrangement. The Central Bank of Armenia has kept the policy rate at 8 percent since 2011, and has narrowed the corridor around the policy rate from 600 to 300 basis points while strengthening fine-tuning operations. Interbank interest rates have become less volatile. External adjustment slowed considerably in 2012, and external vulnerabilities persist. The current account deficit improved by just 0.3 percentage points of GDP as exports, and remittances grew at a healthy pace, as did imports
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