Greece: Selected Issues

International Monetary Fund

No 2009/245, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper provides updates on Greece’s financial stability framework. The paper highlights that the Bank of Greece (BoG) has strengthened the financial stability framework over recent years. In addition to the liquidity provided by the euro system through its regular refinancing operations and standing facilities, the BoG can provide emergency liquidity assistance (ELA) to financial institutions. In response to the global financial crisis, the authorities have assisted bank capital and funding. A manual has been developed to monitor financial stability and spell out contingency plans for the management of crises.

Keywords: ISCR; CR; GDP; bank; wage; BoG; accounting balance sheets; GDP ratio; wage moderation; product market reform; private sector; Financial statements; Labor markets; Labor market reforms; Employment; Commodity markets; Global; Eastern Europe; Europe; Western Europe (search for similar items in EconPapers)
Pages: 40
Date: 2009-08-07
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Citations: View citations in EconPapers (1)

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