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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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4 |
|a Armenia, Republic of
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|a Foreign exchange
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| 653 |
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|a Loans
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| 653 |
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|a Credit
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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 Mortgages
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| 653 |
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|a Finance
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Banks
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| 653 |
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|a Public Finance
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| 653 |
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|a Money
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| 653 |
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|a Prices
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| 653 |
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|a Banks and banking
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Inflation
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| 653 |
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|a Revenue administration
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| 653 |
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|a Financial institutions
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| 653 |
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|a Deflation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Revenue
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| 653 |
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|a Monetary economics
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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 and Monetary Policy
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| 653 |
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|a Price Level
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| 653 |
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|a Banking
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Currency
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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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|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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