European Parliament Library

Georgia :, Selected Issues

Abstract
During the twin crises of 2008–09 Georgia’s foreign exchange reserves have been exposed to a number of external and internal drains. Its exports declined by 21 percent from peak to trough. Bank deposits declined by more than 20 percent in late 2008–early 2009, while deposit dollarization increased sharply. FDI declined from 16.4 percent of GDP in 2007 to an estimated 5 percent of GDP in 2010. Georgia was able to limit the impact of these drains on its international reserves
Table Of Contents
Cover; Contents; Executive Summary; I. Exchange Rate Assessment and Competitiveness; A. Introduction; B. Exchange Rate and the External Position-Stylized Facts; C. Exchange Rate Assessment; Tables; I.1. Macroeconomic Balance Approach: Current Account Regressions; I.2. CA Norm and Exchange Rate Assessments; D. Export Competitiveness; I.3. External Sustainability Approach; E. Role and Prospects of FDI; II. International Reserve Adequacy; A. Traditional Reserve Adequacy Indicators; B. Composite Reserve Adequacy Indicators; II.1. International Reserves Coverage
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613868015

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