Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 1280979224
9781280979224
1455288535
9781455288533
1451997825
9781451997828
9786613750839
6613750832
1463924437
9781463924430
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| Notes: | English.
Online resource; title from PDF title page (IMF, viewed May 12, 2015).
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| Summary: | This paper reviews macroeconomic developments in Albania during 1997-99. Backed by a tightening of monetary policy, inflation subsided quickly in the second half of 1997, and the exchange rate recovered from its earlier sharp depreciation. In 1998, the authorities continued on the path toward macroeconomic stabilization, implementing a tight budget with savings in noninterest current spending and strong revenue measures. Inflation decreased rapidly from 42 percent at end-1997 to below 9 percent at end-1998 and continued on its downward path in 1999.
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