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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 Israel....

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Public Debt
Banks
Finance
Public Finance & Taxation
Banks And Banking
Industries: Financial Services
Currency; Foreign Exchange
Debts, Public
Fiscal Policy
Exports And Imports
Mortgages
National Government Expenditures And Related Policies: General
Foreign Exchange
Macroeconomics
Banking
Depository Institutions
Insurance Companies
Institutional Investors
Pension Funds
Fiscal Rules
Financial Institutions
Financial Instruments
Debt Management
Micro Finance Institutions
Debt
International Economics
Sovereign Debt
Expenditure
Non-bank Financial Institutions
Expenditures, Public
Real Exchange Rates
Public Finance
Israel
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:70 pages
ISBN:9781451819656

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