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economy, including specifically in Luxembourg. It discusses potential pitfalls of the current system and explores some policy … and real wage trends at the sectoral level. Luxembourg's practical implementation of the automatic wage indexation hinges …
Persistent link: https://www.econbiz.de/10015059421
This 2023 Article IV Consultation highlights that Luxembourg has shown resilience in the aftermath of the war in …
Persistent link: https://www.econbiz.de/10015059422
Persistent link: https://www.econbiz.de/10015060389
Real GDP surpassed its pre-pandemic trend in early 2021, and the labor market is tight. Inflation is increasing, mainly driven by energy prices, but core inflation is also edging up. The fiscal position strengthened and the financial sector has remained resilient. Rapidly growing housing prices...
Persistent link: https://www.econbiz.de/10015060390
The Luxembourg financial system is highly interconnected, diverse and complex. It has displayed a high level of …
Persistent link: https://www.econbiz.de/10015080306
The insurance sector in Luxembourg is very large and serves as a European hub, specifically in the non-life (re …, significantly higher than in other European peers, Luxembourg insurance business is conducted mainly cross-border, both in the life … U.K. insurers resettled to Luxembourg to continue cross-border business in the EEA through the passporting system …
Persistent link: https://www.econbiz.de/10015080307
Strong policy support and high financial buffers are helping the financial sector weather the consecutive shocks, but pre-pandemic vulnerabilities have continued to rise. Ultra loose financial conditions, in part as a consequence of ECB’s monetary policy, have contributed to increased...
Persistent link: https://www.econbiz.de/10015080308
This review1 examines specific aspects of the banking supervision regime in Luxembourg focusing on the supervision by …
Persistent link: https://www.econbiz.de/10015080309
The Investment Funds (IFs) industry in Luxembourg dominates the domestic financial sector and the EU funds landscape …. The Assets Under Management (AUM) of the IF industry in Luxembourg is around 80 times its GDP, much higher than banking … (13 times GDP) and insurance (3 times GDP). Based on IF domicile, Luxembourg has the largest fund industry by AUM in …
Persistent link: https://www.econbiz.de/10015080310
The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and policies. It combines...
Persistent link: https://www.econbiz.de/10011244188