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Former Yugoslav Republic of Macedonia Selected Issues for the 2009 Article IV Consultation

This Selected Issues paper assesses the desired level of foreign exchange reserves in the Former Yugoslav Republic of Macedonia, given its commitment to maintain the exchange rate peg. A variety of methods including popular rules of thumb, comparisons with other emerging countries, and model-based e...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Staff Country Reports
Subjects:
Fiscal Stance
Public Debt
Finance
Public Finance & Taxation
Monetary Economics
Currency; Foreign Exchange
Debt Management
Fiscal Policy
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Debts, Public
Debt
General Financial Markets: General (includes Measurement And Data)
Sovereign Debt
Money Supply
Foreign Exchange
Monetary Base
Emerging And Frontier Financial Markets
Conventional Peg
Macroeconomics
Financial Services Industry
Public Finance
Money And Monetary Policy
Finance: General
North Macedonia, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper assesses the desired level of foreign exchange reserves in the Former Yugoslav Republic of Macedonia, given its commitment to maintain the exchange rate peg. A variety of methods including popular rules of thumb, comparisons with other emerging countries, and model-based estimates suggest a target range of €1.5–2 billion for reserves. The paper also looks at reserve levels that would be implied by popular rules of thumb and at benchmarks suggested by other emerging market countries
Physical Description:30 pages
ISBN:9781451952773

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