01684cas a2200241 a 4500 AALejournalIMF000706 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451825985 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Former Yugoslav Republic of Macedonia : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (126 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews economic developments in the Former Yugoslav Republic of Macedonia during 1994-98. In 1994-95, the authorities reasserted control over monetary policy, stabilized the exchange rate, and undertook a substantial fiscal adjustment. As a result, price stability was restored by 1996 and the decline in output was arrested. Programs for recapitalizing banks and accelerating the process of enterprise adjustment and privatization began in 1995. In 1996, the economy started to pick up, but a surge in industrial output in late 1996, partly reflecting the restarting of the oil refinery, could not be maintained. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/082 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/082/002.1998.issue-082-en.xml IMF e-Library