Franklin

Former Yugoslav Republic of Macedonia [electronic resource] : Selected Issues.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2011.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 11/33.
IMF Staff Country Reports; Country Report No. 11/33
Format/Description:
Government document
Book
1 online resource (25 p.)
Local subjects:
Access to international capital.
Bond.
Bond issuers.
Bond issues.
Bond spreads.
Bond yields.
Bonds.
Crowding out.
Current account.
Current account balance.
Current account deficit.
Debt management.
Debt management function.
Debt management issues.
Debt management policy.
Debt management strategy.
Debt maturities.
Debt ratio.
Debt ratios.
Debt refinancing.
Debt stock.
Debt strategy.
Debt structure.
Domestic debt.
Domestic financing.
Economic models.
Electric power.
Eurobond.
Eurobond yields.
Eurobonds.
External debt.
External volatility.
Fiscal reforms.
Government bond.
Government debt.
International capital.
International capital markets.
International reserves.
Market debt.
Private debt.
Public debt.
Public debt management.
Public finances.
Selected issues.
Sovereign bond.
Sovereign debt.
Stock market.
Stock market volatility.
Macedonia, former Yugoslav Republic of.
Summary:
This paper asks 1) whether reliance on Eurobond financing over the medium term is consistent with sound debt management policy and 2) whether Macedonia can reasonably expect Eurobond borrowing costs to fall in the future. The main conclusions are that Eurobond financing appears justified in the near term but over a longer horizon, the country should seek to develop domestic debt markets as a complementary funding source. For 2011–12, the government plans to fully finance its fiscal deficits though Eurobond issues.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1455216674:
9781455216673
ISSN:
1934-7685
Publisher Number:
10.5089/9781455216673.002
Access Restriction:
Restricted for use by site license.
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