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This Selected Issues paper highlights quantitative tightening (QT) by the European Central Bank (ECB). It uses evidence from the literature on the impact of central bank bond purchases and sales on bond yields, and the monetary policy stance, to outline a roadmap for reducing the Euro system's...
Persistent link: https://www.econbiz.de/10015059226
The 2023 Article IV Consultation discusses that the euro area economy has shown remarkable resilience in the aftermath of Russia's invasion of Ukraine and the largest terms of trade shock in several decades, thanks to a swift policy response and a strong rebound in contact-intensive services....
Persistent link: https://www.econbiz.de/10015059227
Cover -- Contents -- I. Introduction -- II. Recent Developments and Outlook -- III. Policy Discussions -- A. Fiscal Policies -- B. Financial Sector -- C. Growth-Enhancing Policies -- IV. Access and Capacity to Repay the Fund -- V. Staff Appraisal -- Tables -- 1. Selected Economic and Social...
Persistent link: https://www.econbiz.de/10009621149
Reform Coordination Unit (RCU), with the participation of staff of the African Development Bank and the World Bank, and with …
Persistent link: https://www.econbiz.de/10009626802
-- ANNEXES -- I. Armenia's Accession to the Eurasian Economic Union -- II. Pension Reform: Recent Developments and Changes -- III …
Persistent link: https://www.econbiz.de/10012679027
Cover -- CONTENTS -- GLOSSARY -- EXECUTIVE SUMMARY -- INTRODUCTION -- FINANCIAL SECTOR STRUCTURE AND PERFORMANCE -- A. The Banking Sector and Financial Stability -- B. The Nonbanking Sector and Financial Stability -- RISKS AND RESILIENCE OF THE BANKING SECTOR -- A. Financial Sector...
Persistent link: https://www.econbiz.de/10012678719
Cover -- Contents -- THE IMPACT OF MEXICO'S ENERGY REFORM ON HYDROCARBONS PRODUCTION -- A. Current Challenges in the … Energy Industry -- B. Most Significant Reform Effort in 75 Years -- C. Impact on Energy Production -- D. Resource Blessed … Transport -- I. Electricity Reform -- J. Conclusion -- References -- FIGURES -- 1. Illustrative Baseline Scenarios -- 2 …
Persistent link: https://www.econbiz.de/10012678773
This paper discusses Mali's First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria (PC), and Request for Modification of PC. Economic recovery is under way but remains fragile. The buildup of the large-scale donor support has been...
Persistent link: https://www.econbiz.de/10012678889
Cover -- Contents -- Executive Summary -- I. Introduction -- II. Recent Economic Developments -- III. Policy Discussions -- A. Policies for 2007: Reducing Inflation -- B. Medium-Term Policies: Ensuring Fiscal Sustainability -- C. Medium-Term Policies: Promoting Sustained Nonhydrocarbon Growth --...
Persistent link: https://www.econbiz.de/10012690366
Cover -- Contents -- I. Introduction -- II. Strong Growth in 2006, Though Housing Market Started to Cool -- III. Growth Slowdown Ahead, with Risks on the Downside -- IV. Ample Room for Fiscal Stabilizers, but Population Aging Ahead -- V. Banks have Large Exposures to Property, but Big Cushions...
Persistent link: https://www.econbiz.de/10012690367