Costa Rica; Selected Issues

This article is a synopsis on Costa Ricaâ€™s international spillovers, potential estimates, fiscal challenges, and banking systems. Spillovers are originated by cross-country trade and financial linkages, and also by the impact of global fiscal consolidation. The banking sector has about one-third foreign bank assets, and these foreign investments are controlled by the United States. So a shock in the United States or China will have adverse effects on Costa Rica. To have a medium- and long-term sustainability, Costa Rica needs to have some fiscal adjustments.

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Year of publication:	2013-03-22
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Spillovers \| Economic growth \| International trade \| Banking sector \| Public debt \| Fiscal consolidation \| Selected issues \| Costa Rica \| banking \| fiscal adjustment \| banking system \| fiscal sustainability \| fiscal position \| public finances \| recapitalization \| banking systems \| fiscal vulnerability \| tax rates \| fiscal deficit \| banking statistics \| tax revenue \| tax base \| investment spending \| prudential regulation \| capital adequacy \| banking sector assets \| long-term fiscal sustainability \| tax effort \| fiscal expansion \| bank balance sheet \| capital requirement \| fiscal policies \| tax reform \| accounting framework \| fiscal reaction \| government revenue \| bank subsidiaries \| fiscal reaction function \| tax revenues \| fiscal behavior \| fiscal contribution \| bank borrowers \| basel accord \| bank soundness \| fiscal stimulus \| fiscal tightening \| bank recapitalizations \| government expenditure \| bank for international settlements \| banking crisis \| fiscal model \| fiscal balance \| bank lenders \| bank losses

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 13/80 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242574