Financial Sector Assessment : FYR Macedonia

The Financial System Assessment (FSA) is based on the work of the joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) missions to FYR Macedonia in May and June 2003. Development of the FYR Macedonia's...

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Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO CREDIT ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ANTI-MONEY LAUNDERING ASSETS AUCTIONS AUDITING BALANCE SHEETS BANK OPERATIONS BANK REGULATION BANKING LAW BANKING PRACTICES BANKING SUPERVISION BANKING SYSTEM BUSINESS CLIMATE CAPACITY BUILDING CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK FACILITY CODE OF CONDUCT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONFIDENTIALITY CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE INVESTORS CORRECTIVE ACTIONS CORRUPTION COURT SYSTEM CREDIT DEFAULTS CREDIT FACILITY CREDIT FLOWS CREDIT QUALITY CREDIT RISK CREDIT RISKS CRIMINAL LAW CURRENCY DEBT DEBT LEVELS DEBT MANAGEMENT DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE FUND DEPOSIT INTEREST DEPOSIT INTEREST RATES DEPOSIT RATES DEPOSITOR DEPOSITORY DEPOSITORY FINANCIAL INSTITUTIONS DEPOSITS DEVALUATION DISCRETIONARY POWER DOMESTIC BORROWINGS ECONOMIC DEVELOPMENT ELIGIBLE INSTRUMENTS EMERGENCY CREDIT EMERGENCY LENDING ENFORCEMENT OF LAWS EQUITY MARKET EQUITY MARKET DEVELOPMENT EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE INSTABILITY FINANCIAL DEEPENING FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL RETURN FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCING REQUIREMENT FISCAL DEFICIT FISCAL POLICIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTORS FRAMEWORK FOR SECURITIES GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET HUMAN RESOURCES INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE SUPERVISION INTEREST RATE INTEREST RATE SHOCK INTEREST RATES INTERNAL CONTROLS INTERNATIONAL STANDARDS INVESTMENT CLIMATE JUDGES JUDICIAL SECTOR JUDICIAL SYSTEM LACK OF COMPETITION LARGE BANK LAW ENFORCEMENT LAWS LEGAL AUTHORITY LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL REQUIREMENT LEGAL RISKS LEGISLATION LENDER LENDER OF LAST RESORT LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY RISKS LIQUIDITY SUPPORT LOAN LOAN RECOVERY MACROECONOMIC ENVIRONMENT MACROECONOMIC RISK MACROECONOMIC STABILITY MACROECONOMIC VULNERABILITIES MARKET DEVELOPMENT MARKET ECONOMY MONETARY POLICY MONEY LAUNDERING NATIONAL BANK PAYMENT GUARANTEES PAYMENT SYSTEM PAYMENTS SYSTEMS PENSION PENSION FUNDS PENSION REFORM PENSION SYSTEM POLITICAL UPHEAVALS PORTFOLIO PRIVATE INVESTMENT PRIVATIZATION REGULATORS REGULATORY FRAMEWORK REMEDY REPAYMENT RESERVE RESERVE BANK RESERVE BANK OF AUSTRALIA RESERVE FUND RETURN RETURNS RISK MANAGEMENT RULE OF LAW SAFETY NET SAFETY NETS SAVINGS SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES MARKETS SECURITIES REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDER RIGHTS STRATEGIC INVESTORS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPPORT TO BANKS SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPARENCY CODE WEAK CORPORATE GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2004/03/17893090/macedonia-former-yugoslav-republic-financial-sector-assessment-macedonia-former-yugoslav-republic-financial-sector-assessment http://hdl.handle.net/10986/16081

id	okr-10986-16081
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO CREDIT ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ANTI-MONEY LAUNDERING ASSETS AUCTIONS AUDITING BALANCE SHEETS BANK OPERATIONS BANK REGULATION BANKING LAW BANKING PRACTICES BANKING SUPERVISION BANKING SYSTEM BUSINESS CLIMATE CAPACITY BUILDING CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK FACILITY CODE OF CONDUCT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONFIDENTIALITY CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE INVESTORS CORRECTIVE ACTIONS CORRUPTION COURT SYSTEM CREDIT DEFAULTS CREDIT FACILITY CREDIT FLOWS CREDIT QUALITY CREDIT RISK CREDIT RISKS CRIMINAL LAW CURRENCY DEBT DEBT LEVELS DEBT MANAGEMENT DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE FUND DEPOSIT INTEREST DEPOSIT INTEREST RATES DEPOSIT RATES DEPOSITOR DEPOSITORY DEPOSITORY FINANCIAL INSTITUTIONS DEPOSITS DEVALUATION DISCRETIONARY POWER DOMESTIC BORROWINGS ECONOMIC DEVELOPMENT ELIGIBLE INSTRUMENTS EMERGENCY CREDIT EMERGENCY LENDING ENFORCEMENT OF LAWS EQUITY MARKET EQUITY MARKET DEVELOPMENT EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE INSTABILITY FINANCIAL DEEPENING FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL RETURN FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCING REQUIREMENT FISCAL DEFICIT FISCAL POLICIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTORS FRAMEWORK FOR SECURITIES GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET HUMAN RESOURCES INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE SUPERVISION INTEREST RATE INTEREST RATE SHOCK INTEREST RATES INTERNAL CONTROLS INTERNATIONAL STANDARDS INVESTMENT CLIMATE JUDGES JUDICIAL SECTOR JUDICIAL SYSTEM LACK OF COMPETITION LARGE BANK LAW ENFORCEMENT LAWS LEGAL AUTHORITY LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL REQUIREMENT LEGAL RISKS LEGISLATION LENDER LENDER OF LAST RESORT LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY RISKS LIQUIDITY SUPPORT LOAN LOAN RECOVERY MACROECONOMIC ENVIRONMENT MACROECONOMIC RISK MACROECONOMIC STABILITY MACROECONOMIC VULNERABILITIES MARKET DEVELOPMENT MARKET ECONOMY MONETARY POLICY MONEY LAUNDERING NATIONAL BANK PAYMENT GUARANTEES PAYMENT SYSTEM PAYMENTS SYSTEMS PENSION PENSION FUNDS PENSION REFORM PENSION SYSTEM POLITICAL UPHEAVALS PORTFOLIO PRIVATE INVESTMENT PRIVATIZATION REGULATORS REGULATORY FRAMEWORK REMEDY REPAYMENT RESERVE RESERVE BANK RESERVE BANK OF AUSTRALIA RESERVE FUND RETURN RETURNS RISK MANAGEMENT RULE OF LAW SAFETY NET SAFETY NETS SAVINGS SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES MARKETS SECURITIES REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDER RIGHTS STRATEGIC INVESTORS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPPORT TO BANKS SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPARENCY CODE WEAK CORPORATE GOVERNANCE
spellingShingle	ACCESS TO CREDIT ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ANTI-MONEY LAUNDERING ASSETS AUCTIONS AUDITING BALANCE SHEETS BANK OPERATIONS BANK REGULATION BANKING LAW BANKING PRACTICES BANKING SUPERVISION BANKING SYSTEM BUSINESS CLIMATE CAPACITY BUILDING CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK FACILITY CODE OF CONDUCT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONFIDENTIALITY CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE INVESTORS CORRECTIVE ACTIONS CORRUPTION COURT SYSTEM CREDIT DEFAULTS CREDIT FACILITY CREDIT FLOWS CREDIT QUALITY CREDIT RISK CREDIT RISKS CRIMINAL LAW CURRENCY DEBT DEBT LEVELS DEBT MANAGEMENT DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE FUND DEPOSIT INTEREST DEPOSIT INTEREST RATES DEPOSIT RATES DEPOSITOR DEPOSITORY DEPOSITORY FINANCIAL INSTITUTIONS DEPOSITS DEVALUATION DISCRETIONARY POWER DOMESTIC BORROWINGS ECONOMIC DEVELOPMENT ELIGIBLE INSTRUMENTS EMERGENCY CREDIT EMERGENCY LENDING ENFORCEMENT OF LAWS EQUITY MARKET EQUITY MARKET DEVELOPMENT EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE INSTABILITY FINANCIAL DEEPENING FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL RETURN FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCING REQUIREMENT FISCAL DEFICIT FISCAL POLICIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTORS FRAMEWORK FOR SECURITIES GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET HUMAN RESOURCES INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE SUPERVISION INTEREST RATE INTEREST RATE SHOCK INTEREST RATES INTERNAL CONTROLS INTERNATIONAL STANDARDS INVESTMENT CLIMATE JUDGES JUDICIAL SECTOR JUDICIAL SYSTEM LACK OF COMPETITION LARGE BANK LAW ENFORCEMENT LAWS LEGAL AUTHORITY LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL REQUIREMENT LEGAL RISKS LEGISLATION LENDER LENDER OF LAST RESORT LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY RISKS LIQUIDITY SUPPORT LOAN LOAN RECOVERY MACROECONOMIC ENVIRONMENT MACROECONOMIC RISK MACROECONOMIC STABILITY MACROECONOMIC VULNERABILITIES MARKET DEVELOPMENT MARKET ECONOMY MONETARY POLICY MONEY LAUNDERING NATIONAL BANK PAYMENT GUARANTEES PAYMENT SYSTEM PAYMENTS SYSTEMS PENSION PENSION FUNDS PENSION REFORM PENSION SYSTEM POLITICAL UPHEAVALS PORTFOLIO PRIVATE INVESTMENT PRIVATIZATION REGULATORS REGULATORY FRAMEWORK REMEDY REPAYMENT RESERVE RESERVE BANK RESERVE BANK OF AUSTRALIA RESERVE FUND RETURN RETURNS RISK MANAGEMENT RULE OF LAW SAFETY NET SAFETY NETS SAVINGS SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES MARKETS SECURITIES REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDER RIGHTS STRATEGIC INVESTORS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPPORT TO BANKS SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPARENCY CODE WEAK CORPORATE GOVERNANCE World Bank Financial Sector Assessment : FYR Macedonia
geographic_facet	Europe and Central Asia Macedonia, former Yugoslav Republic of North Macedonia (Formerly the Former Yugoslav Republic of Macedonia)
description	The Financial System Assessment (FSA) is based on the work of the joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) missions to FYR Macedonia in May and June 2003. Development of the FYR Macedonia's financial system shows the marks of the country's turbulent first decade of independence. The FSAP recommendations aimed at two levels. At the general level, problems of corruption, money laundering, weak implementation and enforcement of laws in the broader economy need to be addressed as preconditions for improving the integrity of the financial system and its role in the economy. Specific recommendations with respect to the operation of the financial system include: (a) strengthening of the regulatory framework for banking and sharpening banking supervision practices; (b) establishing a framework for emergency lending at the NBRM; (c) developing a government securities market as the basis for financial market development; (d) developing supervisory capacity for the insurance market and restructuring the motor vehicle insurance system; and (e) cautious development of the second pension pillar, given the fledging financial markets and its potential impact on the country's fiscal position.
format	Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Financial Sector Assessment : FYR Macedonia
title_short	Financial Sector Assessment : FYR Macedonia
title_full	Financial Sector Assessment : FYR Macedonia
title_fullStr	Financial Sector Assessment : FYR Macedonia
title_full_unstemmed	Financial Sector Assessment : FYR Macedonia
title_sort	financial sector assessment : fyr macedonia
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/03/17893090/macedonia-former-yugoslav-republic-financial-sector-assessment-macedonia-former-yugoslav-republic-financial-sector-assessment http://hdl.handle.net/10986/16081
_version_	1764431466765221888
spelling	okr-10986-160812021-04-23T14:03:22Z Financial Sector Assessment : FYR Macedonia World Bank ACCESS TO CREDIT ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ANTI-MONEY LAUNDERING ASSETS AUCTIONS AUDITING BALANCE SHEETS BANK OPERATIONS BANK REGULATION BANKING LAW BANKING PRACTICES BANKING SUPERVISION BANKING SYSTEM BUSINESS CLIMATE CAPACITY BUILDING CAPITAL MARKETS CAPITALIZATION CENTRAL BANK CENTRAL BANK BILL CENTRAL BANK FACILITY CODE OF CONDUCT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CONFIDENTIALITY CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE INVESTORS CORRECTIVE ACTIONS CORRUPTION COURT SYSTEM CREDIT DEFAULTS CREDIT FACILITY CREDIT FLOWS CREDIT QUALITY CREDIT RISK CREDIT RISKS CRIMINAL LAW CURRENCY DEBT DEBT LEVELS DEBT MANAGEMENT DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE FUND DEPOSIT INTEREST DEPOSIT INTEREST RATES DEPOSIT RATES DEPOSITOR DEPOSITORY DEPOSITORY FINANCIAL INSTITUTIONS DEPOSITS DEVALUATION DISCRETIONARY POWER DOMESTIC BORROWINGS ECONOMIC DEVELOPMENT ELIGIBLE INSTRUMENTS EMERGENCY CREDIT EMERGENCY LENDING ENFORCEMENT OF LAWS EQUITY MARKET EQUITY MARKET DEVELOPMENT EQUITY MARKETS EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE INSTABILITY FINANCIAL DEEPENING FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL POLICIES FINANCIAL REPORTING FINANCIAL RETURN FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCING REQUIREMENT FISCAL DEFICIT FISCAL POLICIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTORS FRAMEWORK FOR SECURITIES GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET HUMAN RESOURCES INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE COMPANIES INSURANCE MARKET INSURANCE SUPERVISION INTEREST RATE INTEREST RATE SHOCK INTEREST RATES INTERNAL CONTROLS INTERNATIONAL STANDARDS INVESTMENT CLIMATE JUDGES JUDICIAL SECTOR JUDICIAL SYSTEM LACK OF COMPETITION LARGE BANK LAW ENFORCEMENT LAWS LEGAL AUTHORITY LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL REQUIREMENT LEGAL RISKS LEGISLATION LENDER LENDER OF LAST RESORT LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY RISKS LIQUIDITY SUPPORT LOAN LOAN RECOVERY MACROECONOMIC ENVIRONMENT MACROECONOMIC RISK MACROECONOMIC STABILITY MACROECONOMIC VULNERABILITIES MARKET DEVELOPMENT MARKET ECONOMY MONETARY POLICY MONEY LAUNDERING NATIONAL BANK PAYMENT GUARANTEES PAYMENT SYSTEM PAYMENTS SYSTEMS PENSION PENSION FUNDS PENSION REFORM PENSION SYSTEM POLITICAL UPHEAVALS PORTFOLIO PRIVATE INVESTMENT PRIVATIZATION REGULATORS REGULATORY FRAMEWORK REMEDY REPAYMENT RESERVE RESERVE BANK RESERVE BANK OF AUSTRALIA RESERVE FUND RETURN RETURNS RISK MANAGEMENT RULE OF LAW SAFETY NET SAFETY NETS SAVINGS SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES MARKETS SECURITIES REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDER SHAREHOLDER RIGHTS STRATEGIC INVESTORS SUPERVISORY AGENCIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPPORT TO BANKS SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPARENCY CODE WEAK CORPORATE GOVERNANCE The Financial System Assessment (FSA) is based on the work of the joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) missions to FYR Macedonia in May and June 2003. Development of the FYR Macedonia's financial system shows the marks of the country's turbulent first decade of independence. The FSAP recommendations aimed at two levels. At the general level, problems of corruption, money laundering, weak implementation and enforcement of laws in the broader economy need to be addressed as preconditions for improving the integrity of the financial system and its role in the economy. Specific recommendations with respect to the operation of the financial system include: (a) strengthening of the regulatory framework for banking and sharpening banking supervision practices; (b) establishing a framework for emergency lending at the NBRM; (c) developing a government securities market as the basis for financial market development; (d) developing supervisory capacity for the insurance market and restructuring the motor vehicle insurance system; and (e) cautious development of the second pension pillar, given the fledging financial markets and its potential impact on the country's fiscal position. 2013-10-03T20:35:55Z 2013-10-03T20:35:55Z 2004-03 http://documents.worldbank.org/curated/en/2004/03/17893090/macedonia-former-yugoslav-republic-financial-sector-assessment-macedonia-former-yugoslav-republic-financial-sector-assessment http://hdl.handle.net/10986/16081 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Europe and Central Asia Macedonia, former Yugoslav Republic of North Macedonia (Formerly the Former Yugoslav Republic of Macedonia)

Financial Sector Assessment : FYR Macedonia

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