01664cas a2200241 a 4500 AALejournalIMF000197 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451825961 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Former Yugoslav Republic of Macedonia : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (103 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews economic developments in the Former Yugoslav Republic of Macedonia during 1990-95. 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1995/050 Full text available on IMF http://elibrary.imf.org/view/journals/002/1995/050/002.1995.issue-050-en.xml IMF e-Library