Former Yugoslav Republic of Macedonia: Selected Issues Paper

June 26, 2013

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Former Yugoslav Republic of Macedonia: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed November 26, 2024

Summary

The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough constraints on the demand or supply side. Considerable achievements can be made by maintaining macroeconomic stability, attracting FDI, and closing the educational gaps. The second paper assesses ways in which the Macedonian financial sector could better contribute to growth and real convergence, taking stock of where the sector stands and its recent developments. Streamlining bankruptcy procedures, improving collateral and systematic collection and publication of real estate sales data, and revisiting the interest rate cap may serve to moderately boost credit supply.

Subject: Banking, Commercial banks, Credit, Financial institutions, Labor, Labor markets, Money, Wages

Keywords: Bank, Brain drain, Central and Eastern Europe, Central Asia, Commercial banks, CR, Credit, Credit growth, Credit supply, Eastern Europe, Equilibrium credit level, Europe, Financing, Financing model, Global, ISCR, Labor market, Labor markets, Macedonian bank, Private sector, Reservation wage, Wage, Wages

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/179
Stock No:

1MKDEA2013003
ISBN:

9781484336670
ISSN:

1934-7685

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