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Macroeconomic Vulnerabilities Stemming from the Global Economic Crisis: The Case of Swaziland

Swaziland has faced a significant fiscal crisis since 2010, in the wake of loss of transfers from the Southern African Customs Union (SACU). The fiscal crisis has led to increasing vulnerabilities, not only of public finances but also on commercial banks and the private sector. This paper provides a...

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Bibliographic Details
Main Author: Basdevant, Olivier
Other Authors: Baba, Chikako, Mircheva, Borislava
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:Departmental Papers
Subjects:
Payment Systems
Public Debt
Banks
Public Finance & Taxation
Banks And Banking
Regimes
Debts, Public
Exports And Imports
Mortgages
International Lending And Debt Problems
External Debt
Money
Central Banks
Standards
Currencies
Banking
Depository Institutions
Government And The Monetary System
Commercial Banks
Foreign Exchange Reserves
Monetary Economics
Financial Institutions
Debt Management
Micro Finance Institutions
Debt
International Economics
Debts, External
Sovereign Debt
International Reserves
Monetary Systems
Public Finance
Monetary Policy
Money And Monetary Policy
South Africa
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Swaziland has faced a significant fiscal crisis since 2010, in the wake of loss of transfers from the Southern African Customs Union (SACU). The fiscal crisis has led to increasing vulnerabilities, not only of public finances but also on commercial banks and the private sector. This paper provides an analysis of Swaziland's main macroeconomic vulnerabilities and the main policy implications of the analysis
Physical Description:37 pages
ISBN:9781475510164

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