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consistent with, the forces of international financial integration. Stepping up productivity is the key to sustaining growth …
Persistent link: https://www.econbiz.de/10011242796
In this paper we construct Financial Conditions Indices (FCIs) for the euro area, for the period 2003 to 2011, using a wide range of prices, quantities, spreads and survey data, grounded in the theoretical literature. One FCI includes monetary policy variables, while two versions of the FCI...
Persistent link: https://www.econbiz.de/10010855048
France’s near–term economic outlook is moderately positive, but clouded by risks from the global environment. The government’s reformist intentions provide an historic opportunity to place France onto a sustained higher growth path with greater opportunities for all....
Persistent link: https://www.econbiz.de/10011244757
Japan has responded swiftly to stabilize markets, and activity has begun to recover. The immediate priority is to repair damaged infrastructure and facilitate a swift recovery. Financial policies should protect against the risk of an economic slowdown and higher market volatility. Timely...
Persistent link: https://www.econbiz.de/10011244887
Economic developments and growth of Jamaica are discussed in this paper. Despite the good performance under the program through end-September, mounting spending pressures and delays in some fiscal reforms have required the adoption of corrective measures by the authorities. The authorities...
Persistent link: https://www.econbiz.de/10011244977
Uruguay’s Second Review Under the Stand-By Arrangement and Requests for Modification, Waiver of Nonobservance and Applicability of Performance Criteria are discussed. Growth remains robust, inflation is subdued, and the external position continues to strengthen, with buoyant exports and...
Persistent link: https://www.econbiz.de/10011245054
The staff report for the Netherlands’ 2009 Article IV Consultation describes the economic developments and policies. State interventions in the financial sector have been broadly appropriate and consistent with a sound fix-it-and-exit approach. Measures have included capital injections,...
Persistent link: https://www.econbiz.de/10011245236
This paper discusses key findings of the Fifth Review Under the Stand-By Arrangement for Hungary. All end-December 2009 quantitative performance criteria, the continuous performance criterion on nonaccumulation of external arrears, and the indicative target on central government debt were met....
Persistent link: https://www.econbiz.de/10011245397
This 2006 Article IV Consultation highlights that India’s economy has continued to grow above trend, with an average growth of 8 percent in the last three years. Growth is broad based, with robust consumption, investment, and exports. With manufacturing expanding at more than 10 percent...
Persistent link: https://www.econbiz.de/10011245493
This paper focuses on the Stand-By Arrangement for Hungary under the Emergency Financing Mechanism. Economic indicators confirm that the downturn envisaged in the program is already under way. The new bank support law is important, as it provides Hungarian banks with access to capital...
Persistent link: https://www.econbiz.de/10011245650