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|z 9781451836226
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Seychelles :
|b 2008 Article IV Consultation and Request for a Stand-By Arrangement; Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (102 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper presents Seychelles' 2008 Article IV Consultation and Request for a Stand-By Arrangement. Large macroeconomic imbalances and vulnerabilities resulting from longstanding unsustainable macroeconomic policies, combined with recent external shocks, culminated in mid-2008 with the near-exhaustion of foreign reserves and missed payments on public debt obligations. Growth is declining, and inflation has risen sharply. The pegged exchange rate that was incompatible with fundamentals, together with a complex system of exchange restrictions and controls, has resulted in economic dislocation, a parallel exchange market, and pervasive dollarization.
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2008/365
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2008/365/002.2008.issue-365-en.xml
|z IMF e-Library
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