Greece: Selected Issues

International Monetary Fund

No 2005/038, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes the structure, supervision, and stability of the Greek financial sector. It highlights that the Greek financial system has limited exposure to international financial markets. However, some banks have formed strategic alliances with major European financial institutions to benefit from their operational and product sophistication. This paper also suggests that policies to strengthen the public finances and improve product and labor market performance are needed to lay the groundwork for Greece to follow the Irish path of high and sustained real-income growth.

Keywords: ISCR; CR; wage; bank; enterprise; government; banking sector; financial system; private sector; capitalization level; market share; labor force; per capita income; risk management tool; Credit; Commercial banks; Income; Labor markets; Loans; Global (search for similar items in EconPapers)
Pages: 31
Date: 2005-02-16
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