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eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union …
Persistent link: https://www.econbiz.de/10014395314
This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased...
Persistent link: https://www.econbiz.de/10014411494
This paper reviews the recent growth experience of the Greek and Portuguese economies and their determinants, comparing it with the rest of the euro area as well as a large set of other economies. Estimates from fixed effects panel and cross-section regressions are used to estimate how changes...
Persistent link: https://www.econbiz.de/10014407303
This Selected Issues paper examines three areas of key policy importance for Greece in the coming years. The paper …
Persistent link: https://www.econbiz.de/10014404641
This Selected Issues paper provides updates on Greece’s financial stability framework. The paper highlights that the … Bank of Greece (BoG) has strengthened the financial stability framework over recent years. In addition to the liquidity …
Persistent link: https://www.econbiz.de/10014406683
current account imbalance in Greece since the mid-1990s, with the deficit reaching one of the highest levels (in relation to …
Persistent link: https://www.econbiz.de/10014406961
performance are needed to lay the groundwork for Greece to follow the Irish path of high and sustained real-income growth …
Persistent link: https://www.econbiz.de/10014407078
This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The...
Persistent link: https://www.econbiz.de/10014401956
Rigidities in Greece’s product and labor markets leading to economic imbalances and the significance of reforms to … work in Greece’s revenue administration and how this effort has been achieved primarily by raising tax rates to high levels … restructuring frameworks as well as improving banks’ loan resolution practices so that Greece’s banks are positioned to support the …
Persistent link: https://www.econbiz.de/10014395149
of fiscal adjustment, the public sector’s creditworthiness as judged by foreign lenders, and the banking system in Greece …. The paper highlights that fiscal adjustment in Greece has followed a gradual path, relying to a significant extent on …
Persistent link: https://www.econbiz.de/10014398089