Download or read book Switzerland 2009 Article IV Consultation Staff Report Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Switzerland written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Switzerland 2009 Article IV Consultation Staff Report Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Switzerland written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-05-26 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect. Along with a sharp contraction in exports, investments are now being postponed. Consumption has held up well so far, but as unemployment rises, household spending will lose momentum. The Swiss National Bank has appropriately loosened monetary policy, bringing the policy rates almost to zero. Maintaining financial stability will be essential for ensuring macroeconomic stability and growth in Switzerland.
Download or read book Switzerland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-05-20 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Switzerland was hard hit by the global crisis; however, the 1.5 percent contraction in 2009 compares favorably with most industrial countries. This 2010 Article IV Consultation highlights that after a year-long decline in real GDP, the economy exited the recession in mid-2009. In response to the crisis, the authorities took a series of actions in a broad range of policy areas. Financial sector measures also helped to stabilize financial markets and reduce systemic risk. The authorities are now contemplating how to exit from the current accommodative stance.
Download or read book Minerals Yearbook written by and published by . This book was released on 2011 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Luxembourg written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-06-09 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2010 Article IV Consultation underlies a thorough and objective view of the macroeconomic situation in Luxembourg and the challenges the economy is facing. The country’s enviable position of public finances at the onset of the crisis provided the space to accommodate fiscal support to the economy, enhance social transfers, and protect household income. Executive Directors recommended a sharper focus on liquidity and credit risks arising from banks’ sizable and concentrated exposures to their foreign parent groups.
Download or read book Austria written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-28 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austria has relatively strong macroeconomic fundamentals, but also deep ties with the rest of the euro area. The legacy of an overly ambitious eastward financial sector expansion has created substantial challenges to its policymakers. Policies have been designed to preserve market confidence, increase resilience against future adverse external spillovers, and boost potential growth. The Austrian supervisory authorities have also introduced a set of macroprudential guidelines to strengthen the resilience of the banking sector. However, improvements in the fiscal governance framework have not advanced as expected.
Download or read book Botswana written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-06-22 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: After several years of robust growth, real GDP growth slowed to 2.9 percent in 2008 owing to a decline in mining output. The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09, well above the 16.8 percent NMPD in 2007/08. Botswana continues to peg the pula to a basket of the rand and the SDR in an effort to maintain a stable real effective exchange rate (REER). The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, mostly reflecting reduced pressure on fuel and food prices.
Download or read book Islamic Republic of Iran written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-03-23 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Islamic Republic of Iran’s 2009 Article IV Consultation highlights that real GDP growth has slowed following the decline in oil prices, the non-oil fiscal position has become tighter, and banks’ financial situation has weakened. The recent approval of an ambitious energy price reform by Parliament could bring significant medium- and long-term benefits by increasing economic efficiency, and would help improve the macroeconomic outlook. A reduction of energy subsidies and a significant increase of non-oil revenue are needed to improve economic efficiency and achieve a more sustainable medium-term fiscal position.
Download or read book Republic of Slovenia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-05-31 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global crisis exacerbated the Slovenian economy’s previous imbalances in the fiscal, financial, and real sectors. The authorities agreed that fiscal consolidation including pension, health care, and financial management is essential for sustainable recovery. The Bank of Slovenia emphasizes that banks’ governance and capitalization should be enhanced, regardless of ownership. The authorities suggested that structural reforms in labor and product markets are critical to boost potential growth. The authorities agreed that maintaining competitiveness is crucial for Slovenia as it has a small and export-dependent economy.
Download or read book Kingdom of the Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-02-04 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, nationalization, and government guarantees. Although systemic risks have been addressed effectively and risk-weighted capital ratios are above required minima, building up equity to levels deemed more adequate in regulatory reform proposals and brisker lending to support the economic recovery may require banks to tap considerable extra capital.
Download or read book Dealing with the Challenges of Macro Financial Linkages in Emerging Markets written by Otaviano Canuto and published by World Bank Publications. This book was released on 2013-10-29 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the challenges of macro financial linkages in the emerging markets.
Download or read book Germany written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-01-21 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2008 Article IV Consultation highlights that the financial market turbulence has exposed vulnerabilities in the German financial system. The German consumer’s conservatism under the current uncertain conditions will amplify the export slowdown, and investment decisions are likely to be postponed. Executive Directors have welcomed the German authorities’ continuing priority to maintain financial stability and stabilize the real economy. Directors have also noted that the global financial crisis has highlighted important vulnerabilities of the German financial system, which could be intensified by the economic slowdown in Germany.
Download or read book Euro Area Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-07-30 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2009 Article IV Consultation focuses on euro area policies. The euro area remains in recession, with signs of improvement yet to evolve into a recovery. The large drop in financial wealth, an associated increase in private savings, tight financing conditions, and the adjustment of global imbalances are key drivers of the economic decline. Executive Directors have welcomed the broad arsenal of macroeconomic policies and financial sector interventions deployed by euro area authorities and Member States to address the crisis.
Download or read book The Hidden Crisis written by and published by UNESCO. This book was released on 2011-01-01 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: When wars break out, international attention and media reporting invariably focus on the most immediate images of human suffering. Yet behind these images is a hidden crisis. Across many of the world's poorest countries, armed conflict is destroying not just school infrastructure, but the hopes and ambitions of generations of children. The hidden crisis: Armed conflict and education documents the devastating effects of armed conflict on education. It examines the widespread human rights abuses keeping children out of school. The Report challenges an international aid system that is failing conflict-affected states, with damaging consequences for education. It warns that schools are often used to transmit intolerance, prejudice and social injustice. This ninth edition of the Education for All Global Monitoring Report calls on governments to demonstrate greater resolve in combating the culture of impunity surrounding attacks on schoolchildren and schools. It sets out an agenda for fixing the International aid architecture. And it identifies strategies for strengthening the role of education in peacebuilding. The Report includes statistical indicators on all levels of education in more than 200 countries and territories. It serves as an authoritative reference for education policy-makers, development specialists, researchers and the media
Download or read book Republic of San Marino written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-03-30 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, the economic development and growth of San Marino are discussed. For liquidity management, the Central Bank of San Marino was commended. Different measures have been taken to enhance the operational autonomy of the Central Bank of San Marino (CBSM), buttress supervisory functions, and strengthen Antimoney Laundering and Combating the Financing of Terrorism (AML/CFT). The goals to reduce the fiscal deficit are encouraged, but counseled that the credibility of fiscal plans would be enhanced by a better-articulated strategy. Cuts in public sector employment through attrition and reforms could be the key elements of this strategy.
Download or read book Finland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-09-02 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Owing to the high dependence of its exports on countries and commodities, Finland experienced the worst recession in the euro area. Executive Directors encouraged authorities to focus on improving bank cost efficiency, preventing excessive risk taking, and limiting liquidity and funding risks. Directors welcomed the establishment of the Nordic-Baltic Stability Group, and stressed the need to strengthen the effectiveness of cross-border supervision and crisis management arrangements. Directors welcomed structural reforms and also emphasized the need of a strong fiscal consolidation to secure fiscal sustainability.
Download or read book Denmark written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-16 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Denmark’s flexicurity model has performed well during the crisis. The actions and the improvement in economic conditions have restored overall stability to the banking system. Private consumption has been dented by the decline in housing prices and net household wealth. Exports have rebounded, led by a reversal in the services account. Labor market policies should refocus on labor supply pressures. Additional action should be taken to further bolster financial sector stability. Policies need to focus on putting growth on a steady and sustainable path while reducing vulnerabilities.
