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This 2013 Article IV Consultation highlights that after a brief stabilization in 2010, the recession in the Slovenia … resumed in 2011 and the economy now has contracted for eight consecutive quarters. Although a sharp contraction in investment …
Persistent link: https://www.econbiz.de/10011244670
Slovenia, among other euro area countries, experienced the largest economic contraction since 2008. The performance of …
Persistent link: https://www.econbiz.de/10011245075
The Slovenian financial system has been hard hit by the crisis. Banks remained highly vulnerable to continued credit deterioration and refinancing risks. Strengthening of financial condition of banks should be the short-term priority. The financial restructuring should be followed by...
Persistent link: https://www.econbiz.de/10011245103
This 2014 Article IV Consultation highlights that Slovenia is recovering from a deep crisis. Growth is estimated to … have reached about 2.6 percent in 2014, supported by strong exports and EU-funded public investment. The financial sector …
Persistent link: https://www.econbiz.de/10011245669
The Slovenian banking system has been transformed by Slovenia’s accession to the European Union. Banking sector regulation and supervision is generally in line with international standards. The global crisis affected Slovenia’s economy significantly, and most banks in the system...
Persistent link: https://www.econbiz.de/10011242640
This Selected Issues paper examines social spending reform and fiscal savings in Slovenia. Rising expenditure has been … and provides a framework to assess their efficiency relative to other countries. …
Persistent link: https://www.econbiz.de/10011243281
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010800974
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10011123882
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178