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Author: Robert C. M. Beyer
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 13
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Book Description
Residential house prices in Cyprus show no signs of overvaluation in international comparison, and various indicators confirm that prices are aligned with economic fundamentals. However, still-high household debt poses a risk. Regional disparities raise some concerns about affordability, notably in Limassol, calling for supply-side measures to increase housing supply.
Author: Robert C. M. Beyer
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 13
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Book Description
Residential house prices in Cyprus show no signs of overvaluation in international comparison, and various indicators confirm that prices are aligned with economic fundamentals. However, still-high household debt poses a risk. Regional disparities raise some concerns about affordability, notably in Limassol, calling for supply-side measures to increase housing supply.
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
New Zealand: Selected Issues
Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
ISBN: 1475561008
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 50
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Book Description
On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR), prepared in accordance with Article 3 of Regulation (EU) No. 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device, helping to identify Member States that warrant further in-depth analysis to determine whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific ?in-depth reviews? should examine the nature, origin and severity of macroeconomic developments in the Member State concerned, which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission will establish whether it considers that an imbalance exists and what type of policy follow-up it will recommend to the Council. For Sweden, the AMR suggested the need to look more closely at whether Sweden is exhibiting macroeconomic imbalances of an internal and external nature. On the external side, the AMR highlighted a long series of strong current account surpluses which, however, coincided with a loss in market shares over the last years. On the internal side, the high level of private debt was identified as a matter of concern, mainly due to increasing household indebtedness in the context of strong increases of house prices over the last decade. Against this background, Section 2 of this review looks more in detail into these developments covering both the external and internal dimensions, followed by specific focus sections on the housing market and private sector debt developments in Section 3. Section 4 summarises the findings and presents possible policy considerations.
Author: Dimitris Charalambis
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773569324
Category : Social Science
Languages : en
Pages : 720
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Book Description
The newest volume in the Comparative Charting of Social Change series highlights the main elements of demographic, social, political, and economic development in Greece during the period 1960-2000. Based on a systematic analysis of available information and data, this volume provides an overview of Greece's socio-economic profile, which changed significantly during the studied period. The collapse of the dictatorship in 1974 and Greece's entry into the European Union (EU) in 1980 have led to a consolidation of democratic institutions and the improvement of living standards. During the 1960s and 1970s the country experienced high rates of economic development and relatively low unemployment rates. However, this increase in economic development has slowed since the early 1980s and the unemployment rate has risen, particularly among young people. Consistent with recent social trends in other Western societies, Greek society has become more tolerant and permissive, with more diverse and flexible moral norms. However, the prevailing family model remains traditional and the Greek Orthodox Church continues to have a strong influence on many aspects of Greek society, including social, political, and cultural life. The organization of work also follows traditional patterns, despite the introduction of new and flexible forms of employment. Female participation in the labour market remains relatively low, despite legislation and regulations that promote equality of opportunities between the sexes. Consistent with recent social trends in other Western societies, Greece's population is aging and the birth rate has stabilized at a relatively low level. Contributors include Ioannis Antonopoulos, Dimitri Economou (University of Thessalia), Evi Fagadaki, Thomas Maloutas (University of Thessalia), Alberto Martinelli, Ioannis Myrizakis, Theodore Papadogonas, Apostolos g. Papadopoulos (University of Ioannina), Roy Panagiotopoulou, Apostolis Rafailidis (economist), Paris Tsartas (University of Aegean), Kostas Yannakopoulos. Elisabeth Allison, Dionisis Balourdos, Nikos Bouzas, Kaliroi Daskalaki, Amalia Frangiskou, Emmy Fronimou, Panayiotis Kafetzis, Roxanne Kaftantzoglou, John Kallas, Chrysa Kappi, Maria Ketsetzopoulou, Helene Kovani, Evdokia Manologlou, Joannis Micheloyiannakis, Aliki Mouriki, Panagiota Papadopoulou, Ioanna Papathanassiou, Christos Papatheodorou, Marina Petronoti, Nikos Sarris, Theoni Stathopoulou, Hara Stratoudaki, Haris Symeonidou, Maria Thanopoulou, Olga Tsakirides, Joanna Tsiganou, Christina Varouxi, Efi Venizelou, and Ersi Zacopoulou are all researchers at the National Centre for Social Research (EKKE).
Author: Commission on Growth and Development
Publisher: World Bank Publications
ISBN: 0821374923
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589068068
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.
Author: Mr.Bas B. Bakker
Publisher: International Monetary Fund
ISBN: 1475572689
Category : Business & Economics
Languages : en
Pages : 46
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Book Description
This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms, drawing upon several country experiences and the findings from econometric analysis.
Author: Congress
Publisher: INIAP Archivo Historico
ISBN:
Category : Legislation
Languages : en
Pages : 2452
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Book Description
Author: John Williamson
Publisher: Peterson Institute
ISBN: 9780881320763
Category : Business & Economics
Languages : en
Pages : 608
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Book Description
The problems of exchange rate misalignments and the resulting payments imbalances have plagued the world economy for decades. At the Louvre Accord of 1987, the Group of Five industrial countries adopted a system of reference ranges for exchange rate management, influenced by proposals of C. Fred Bergstan and John Williamson for a target zone system. The reference range approach has, however, been operated only intermittently and half-heartedly, and questions continue to be raised in policy and scholarly circles about the design and operation of a full-fledged target zone regime. This volume, with chapters by leading international economists, explores one crucial issue in the design of a target zone system: the problem of calculating Williamson's concept of the fundamental equilibrium exchange rate (FEER). Williamson contributes an overview of the policy and analytic issues and a second chapter on his own calculations.
