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Republic of Belarus; Third Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; Statement by the Executive Directo...
International Monetary Fund (IMF); International … - 2010
The staff report on Belarus’ Third Review under the Stand-By Arrangement is examined. Belarus is beginning to emerge from the crisis. Output loss has been limited relative to neighbors, inflation has fallen, the foreign exchange market has stabilized, and de-dollarization is under way,...
Persistent link: https://www.econbiz.de/10011245651
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Republic of Belarus; 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement-Staff Report Informational Annex; Staff Statement; Public Information Notice on t...
International Monetary Fund (IMF); International … - 2009
This 2009 Article IV Consultation highlights that Belarus has so far escaped a significant fall in output, despite a sharp fall in external demand. GDP declined 0.5 percent year over year in the first eight months of 2009, comparing favorably to Belarus’ main trading partners. Economic...
Persistent link: https://www.econbiz.de/10011245682
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Former Yugoslav Republic of Macedonia; Staff Report for the 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion...
International Monetary Fund (IMF); International … - 2010
This 2009 Article IV Consultation highlights that the Former Yugoslav Republic of Macedonia’s vulnerability at the outset of the global crisis was its large current account deficit in the context of the exchange rate peg to the euro. At the same time, it benefited from a small fiscal...
Persistent link: https://www.econbiz.de/10011245752
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Central America; Global Integration and Regional Cooperation
Rodlauer, Markus; Schipke, Alfred - International Monetary Fund (IMF) - 2005
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
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Currency Convertibility and the Transformation of Centrally Planned Economies
Greene, Joshua E.; Isard, Peter - International Monetary Fund (IMF) - 1991
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned …
Persistent link: https://www.econbiz.de/10005824848
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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national … currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro …
Persistent link: https://www.econbiz.de/10005767345
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Exchange Rate Regime Considerations in an Oil Economy; The Case of the Islamic Republic of Iran
Celasun, Oya - International Monetary Fund (IMF) - 2003
This paper provides a brief overview of the evolution of exchange rate policy in the Islamic Republic of Iran from 1993 to 2002 and reviews the basic criteria for the choice of the exchange rate regime in the medium term. The analysis highlights the merits of an intermediate regime which would...
Persistent link: https://www.econbiz.de/10005599261
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Establishing Conversion Values for New Currency Unions; Method and Application to the planned Gulf Cooperation Council (GCC) Currency Union
Kamar, Bassem; Carlotti, Jean-Etienne; Krueger, Russell C. - International Monetary Fund (IMF) - 2009
A key issue in creating a new currency union is setting the rates to convert national currencies into the new union … currency. Planned unions in the Gulf region and Africa are seeking methods to set the conversion rates when their new … degree of misalignment in the real exchange rate, and apply it to the GCC currency union. For each GCC currency, we identify …
Persistent link: https://www.econbiz.de/10008528616
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Republic of Belarus; First Review Under the Stand-By Arrangement, and Request for a Waiver of Performance Criterion, Augmentation of Access, and Modification of Performance Criteri...
International Monetary Fund (IMF); International … - 2009
This paper discusses key findings of the First Review under the Stand-By Arrangement for the Republic of Belarus. All end-March 2009 quantitative and continuous performance criteria and structural benchmarks were met, except for the net international reserves target, which was missed by US$221...
Persistent link: https://www.econbiz.de/10011245652
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Coping with Capital Inflows; Experiences of Selected European Countries
Vávra, David; Ötker, Inci; Topf, Barry; Polanski, Zbigniew - International Monetary Fund (IMF) - 2007
This paper reviews the experiences of a number of European countries in coping with capital inflows. It describes the nature of the inflows, their implications for macroeconomic and financial stability, and the policy responses used to cope with them. The experiences suggest that as countries...
Persistent link: https://www.econbiz.de/10005248251