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This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10005825451
The note delves on the U.S. housing market outlook, the potential benefits of mitigating distressed sales household deleveraging, and the recovery. Policies to facilitate labor market adjustment to reduce the large employment volatility without affecting efficient labor allocation could prevent...
Persistent link: https://www.econbiz.de/10011242497
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244215
Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject to significant spending pressures, reflecting unfavorable demographic trends and subdued growth prospects, and will require substantial structural reform. Priority...
Persistent link: https://www.econbiz.de/10011245500
The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...
Persistent link: https://www.econbiz.de/10005590915
This Selected Issues paper for the People’s Republic of China—Hong Kong Special Administrative Region (SAR) reviews the residential property market and implications of an aging population. The fiscal sector impact of price fluctuations is important in Hong Kong SAR with land sales...
Persistent link: https://www.econbiz.de/10005591184
This Selected Issues paper on Samoa reports that remittances are the main source of foreign exchange to the Samoan … economy. In addition to remittances, travel credits also play an important role in the economy. Official transfers are also … significant, and should remain an important source of balance-of-payments support over the medium term. Remittances are relatively …
Persistent link: https://www.econbiz.de/10005824965
In the last decade Cape Verde has experienced a strong accumulation of emigrant deposits. These deposits have provided much needed foreign exchange to the country, adding support to the exchange rate peg. This paper studies the long-run determinants of emigrant deposits with respect to risk,...
Persistent link: https://www.econbiz.de/10005825682
This Selected Issues paper on Mexico presents econometric investigation of the cyclical determinants of remittances to … Mexico. The aggregate U.S. business cycle is not necessarily relevant for remittances. Remittances to Mexico do show a ….S. construction sector seem to be especially important as well as remittances for certain regions of Mexico with high rates of …
Persistent link: https://www.econbiz.de/10011242498
The current account deficit by the Central Bank of Bosnia and Herzegovina in recent years has fluctuated to about 20 percent of GDP. But official current account statistics suffer from several shortcomings. Possible sources of the savings required to achieve a fiscal position consistent with...
Persistent link: https://www.econbiz.de/10011242830