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The Russian economy has improved after the recession, but recovery is fragile. Executive Directors appreciated the pre-crisis policy of taxing and saving oil revenues in a stabilization fund, which had created significant space for fiscal expansion, monetary easing, and extraordinary liquidity...
Persistent link: https://www.econbiz.de/10014402945
This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and...
Persistent link: https://www.econbiz.de/10014406684
. Russia’s statistical system has made good progress in adopting international statistical methodologies in response to the …
Persistent link: https://www.econbiz.de/10014405628
Russia’s newly strengthened macroeconomic anchors. But absent a widening output gap, expansionary fiscal and monetary … growth, Russia needs to further strengthen the macroeconomic policy framework and implement supply-side reforms. The … constraints, Russia should reduce the regulatory burden to facilitate more private sector activity in key sectors, strengthen the …
Persistent link: https://www.econbiz.de/10014394549
of Russia’s fiscal reporting and budgeting practices are in line with good or advanced practice under the July 2013 draft …
Persistent link: https://www.econbiz.de/10014411338
Persistent link: https://www.econbiz.de/10001474051
The labor market remains weak, disinflation has slowed, but falling wages are improving competitiveness. The weak economic environment is putting pressure on the banking sector. Financial conditions have deteriorated recently because of international financial market tensions. The Bank of Latvia...
Persistent link: https://www.econbiz.de/10014402347
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs,...
Persistent link: https://www.econbiz.de/10014406861
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies—Securities Regulation for Italy. The paper discusses that in the area of securities regulation, the objectives and responsibilities of the two...
Persistent link: https://www.econbiz.de/10014406894
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies (MFPT Code)—Banking Supervision for Italy. Banca d’Italia (BI) notes the assessment’s recognition of the very high degree of compliance of the...
Persistent link: https://www.econbiz.de/10014407252