Albania: Selected Issues and Statistical Appendix
Volume/Issue:
Volume 2003
Issue 064
Publication date: March 2003
ISBN: 9781451800715
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Topics covered in this book
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Business and Economics , Exports and Imports , Labor , Taxation - General , Economics / General , ISCR , CR , enterprise , government , public goods , government performance , firm timetable , private sector , shadow economy need , tax collection , Informal economy , Exports , Real effective exchange rates , Public employment , Real exchange rates , Europe
Summary
This Selected Issues paper and Statistical Appendix analyzes causes and consequences of real exchange rate appreciation in Albania. The paper highlights that Albania has experienced a sustained real appreciation since 1992, which appears to have been brought about by largely beneficial developments: price liberalization, productivity growth, external inflows, and a successful stabilization policy. The pace of appreciation has slowed in the last few years, and a real depreciation in 2002 has brought the real effective exchange rate back to its January 2000 level.
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