This paper briefly reviews the causes and propagation mechanisms of the global financial crisis, and the types of policy responses that have been undertaken to date in order to mitigate its adverse effects. It subsequently examines the way that it has been transmitted to the Cypriot banking...

A large banking system has served Cyprus well to date. It has supported the country’s outward-oriented, services-driven economic model and has significantly contributed to output and employment. The question going forward is whether banking system growth can continue indefinitely and at what...

The main objectives of this paper are to describe the evolution and current challenges of public debt management and debt market development in Cyprus in order to identify relevant policy options for the authorities. Although significant progress has recently been made in terms of using...