Former Yugoslav Republic of Macedonia
AbstractThis paper reviews economic developments in the Former Yugoslav Republic of Macedonia during 1990â€“95. The financial stabilization in 1994 was a result of three key policy changes. The National Bank abolished its system of passively rediscounting selective commercial bank credits and the emphasis of monetary policy was switched to inflation control. A broad range of fiscal measures ensured a decline in the public sector deficit from 11 percentage points of gross social product in 1993 to 3 percentage points in 1994. There was a 50 percent drop in measured industrial production between 1990 and 1994.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Staff Country Reports with number 95/50.
Date of creation: 08 Jun 1995
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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