Israel : Selected Issues.

The methodologies used in this paper suggest that Israel's real exchange rate is moderately undervalued, while gains in external competitiveness appear to have been eroded in recent years. Market-based indicators provide a useful additional dimension to the analysis of financial stability in Is...

Deskribapen osoa

Xehetasun bibliografikoak
Erakunde egilea: International Monetary Fund
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2008.
Saila:IMF Staff Country Reports; Country Report ; No. 2008/063
Sarrera elektronikoa:Full text available on IMF
Deskribapena
Gaia:The methodologies used in this paper suggest that Israel's real exchange rate is moderately undervalued, while gains in external competitiveness appear to have been eroded in recent years. Market-based indicators provide a useful additional dimension to the analysis of financial stability in Israel. The Israeli government has made far-reaching reforms to financial markets in recent years. Banks' performance and financial strength have been improving. This paper proposes two rules that are based on a debt-brake concept and an alternative error-correction-mechanism toward fiscal policy in Israel.
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Deskribapen fisikoa:1 online resource (70 pages)
Formatua:Mode of access: Internet
ISSN:1934-7685
Sartu:Electronic access restricted to authorized BRAC University faculty, staff and students