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Former Yugoslav Republic of Macedonia: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues Paper assesses Macedonia’s public debt markets and presents recommendations for their further development. Macedonia’s domestic debt market is in the early stages of development and is small by regional standards. The paper also analyzes the main causes of euroization in Macedonia. It discusses the nature of monetary policy in Macedonia where 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.

Suggested Citation

  • International Monetary Fund, 2012. "Former Yugoslav Republic of Macedonia: Selected Issues," IMF Staff Country Reports 2012/134, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/134
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    1. Brown, M. & de Haas, R., 2010. "Foreign Currency Lending in Emerging Europe : Bank Level Evidence," Other publications TiSEM 29059e97-755d-4c51-b372-e, Tilburg University, School of Economics and Management.
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    3. Martin Brown & Steven Ongena & Pinar Yesin, 2009. "Foreign Currency Borrowing by Small Firms," Working Papers 2009-02, Swiss National Bank.
    4. repec:imf:imfops:1999/003 is not listed on IDEAS
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