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Republic of Kosovo : Selected Issues Paper.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. European Department.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2013/223
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- Kosovo (Republic)--Economic policy.
- Kosovo (Republic).
- Kosovo (Republic)--Economic conditions.
- Physical Description:
- 1 online resource (29 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2013.
- Language Note:
- English
- Summary:
- This Selected Issues paper on the Republic of Kosovo’s 2013 Article IV Consultation highlights growth and Kosovo’s external environment. In the wake of the global financial crisis, Kosovo’s economic growth slowed but remained positive, while most other Western Balkans slipped into recession. Moreover, the annual average growth rate has been among the highest in the Western Balkans since the onset of the financial crisis in 2007. Kosovo’s tax-to-GDP ratio is comparable to the average of Southeastern Europe, although its tax system relies significantly more on indirect taxation—including a high share of trade taxes. Kosovo’s reliance on trade taxes may create budgetary pressures in the event of further trade liberalization.
- Contents:
- Cover; CONTENTS; GROWTH AND KOSOVO'S EXTERNAL ENVIRONMENT; A. Recent Growth Performance in a Regional Context; B. Assessing Spillovers from External Shocks; C. Determinants of Remittances in the Western Balkans; References; TAX REVENUE STRUCTURE AND TRADE LIBERALIZATION; A. Introduction; B. The Rationale Behind Kosovo's Current Tax Structure; C. Revenue Replacement with Trade Liberalization: Empirical Analysis; D. Policy Options and Concluding Remarks; References; EUROIZATION, LIQUIDITY NEEDS, AND FOREIGN CURRENCY RESERVES; A. Foreign Currency Reserves in a Unilaterally Euroized Economy
- B. How Large Should Kosovo's Reserves Be?C. Alternative Mechanisms for Funding Reserves; References; BENCHMARKING FINANCIAL DEVELOPMENT; A. Introduction; B. Banking Sector Growth and Development; References; Appendix. Measuring and Benchmarking Financial Development
- Notes:
- Description based upon print version of record.
- Description based on print version record.
- ISBN:
- 9781484309582
- 1484309588
- 9781484356876
- 148435687X
- 9781484310069
- 1484310063
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