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Cyprus Selected Issues Paper

The Selected Issues Paper focuses on Cyprus' banking sector vulnerabilities and its pension system. The most salient risks for the banking sector come from commercial banks domiciled in Cyprus. These banks have the strongest links with the local economy and are likely to experience further dete...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Private Pensions
Service Exports
Banks
Pension Spending
Labour
Retirement Policies
Social Security And Public Pensions
Public Finance & Taxation
Banks And Banking
Nonwage Labor Costs And Benefits
Micro Finance Institutions
Budget Planning And Preparation
Trade: General
Exports And Imports
Mortgages
International Economics
Budgeting
Labor
Expenditure
Retirement
International Trade
Exports
Budget
Pensions
Public Financial Management (pfm)
Banking
Public Finance
Income Economics
Cyprus
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The Selected Issues Paper focuses on Cyprus' banking sector vulnerabilities and its pension system. The most salient risks for the banking sector come from commercial banks domiciled in Cyprus. These banks have the strongest links with the local economy and are likely to experience further deterioration of their loan portfolios in both Greece and Cyprus. The paper reveals that, in 2011, Cypriot banks face capital needs estimated at €3.6 billion on a preliminary basis
Physical Description:53 pages
ISBN:9781463925888

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