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Albania: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 064
Language:
English
Publication Date:
07 Mar 2003
DOI:
https://doi.org/10.5089/9781451800715.002
ISBN:
9781451800715
ISSN:
1934-7685
Pages:
76
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund