Cyprus: Selected Issues

International Monetary Fund

No 2010/289, IMF Staff Country Reports from International Monetary Fund

Abstract: The financial sector is mostly comprised of the banking sector, which largely provides insurance and asset management services. A large part of banking system assets relates to subsidiaries and branches of foreign banks. The banking sector poses risks by virtue of its size and concentration. The Cypriot banking system has weathered the crisis better than many other euro zone area countries. Significant headwinds for the overall banking system are expected, and the cooperative banks appear particularly vulnerable.

Keywords: ISCR; CR; Cyprus; bank; Cypriot bank supervisor; labor productivity growth; current account; capital threshold; Cyprus economy; parent bank; market share; Cypriot labor market; Commercial banks; Output gap; Cooperative banks; Nonperforming loans; Potential output; Global; Eastern Europe; Southern Europe (search for similar items in EconPapers)
Pages: 42
Date: 2010-09-15
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Citations: View citations in EconPapers (2)

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