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Europe > Latvia, Republic of

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Cover IMF Staff Country Reports
Albania: Selected Issues and Statistical Appendix
International Monetary Fund
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.
Keywords:
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