Albania : Recent Economic Developments and Statistical Appendix.

This paper reviews macroeconomic developments in Albania during 1997-99. Backed by a tightening of monetary policy, inflation subsided quickly in the second half of 1997, and the exchange rate recovered from its earlier sharp depreciation. In 1998, the authorities continued on the path toward macroe...

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Korporativní autor: International Monetary Fund
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1999.
Edice:IMF Staff Country Reports; Country Report ; No. 1999/069
On-line přístup:Full text available on IMF
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Shrnutí:This paper reviews macroeconomic developments in Albania during 1997-99. Backed by a tightening of monetary policy, inflation subsided quickly in the second half of 1997, and the exchange rate recovered from its earlier sharp depreciation. In 1998, the authorities continued on the path toward macroeconomic stabilization, implementing a tight budget with savings in noninterest current spending and strong revenue measures. Inflation decreased rapidly from 42 percent at end-1997 to below 9 percent at end-1998 and continued on its downward path in 1999.
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Fyzický popis:1 online resource (63 pages)
Médium:Mode of access: Internet
ISSN:1934-7685
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