Former Yugoslav Republic of Macedonia: Selected Issues

Volume/Issue: Volume 2006 Issue 345
Publication date: October 2006
ISBN: 9781451826128
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Topics covered in this book

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Banks and Banking , Exports and Imports , Labor , Money and Monetary Policy , ISCR , CR , Macedonia , FYR Macedonia , FYR , exchange rate , growth performance , lending rate , export share , sector reform , Employment , Total factor productivity , Real exchange rates , Unemployment , Unemployment rate , Europe , Baltics , Eastern Europe , Global

Summary

The paper analyzes the export performance and external competitiveness in FYR Macedonia. It describes the trends in the account balance, external vulnerabilities, and different approaches to estimate the equilibrium real exchange rate; and reviews economic growth experience and prospects and reveals areas of weakness. It also discusses many different factors responsible for Macedonia's high unemployment rate and examines the main factors behind the low level of intermediation.