Israel: Selected Issues

International Monetary Fund

No 2011/023, IMF Staff Country Reports from International Monetary Fund

Abstract: The study shows that the Israeli economy has emerged unscathed from the global financial crisis. The first part of the study outlines the relationship between risk and Israel’s macroeconomic performance, estimated through a regression analysis. The second part of the study focuses on macrofinancial policies to cope with macrofinancial risk, with special emphasis on monetary and fiscal intervention. The study shows that stress testing and CCA analysis play a role in supervisory work; they complement and can inform each other in critical areas.

Keywords: ISCR; CR; terms of trade; banking sector; ceiling rule; expenditure ceiling; financial system; monetary policy; put option; banking system; contingency reserve; global economy; growth path; expenditure compression; Budget planning and preparation; Commercial banks; Systemic risk; Financial statements; Global; Australia and New Zealand (search for similar items in EconPapers)
Pages: 45
Date: 2011-01-24
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Citations: View citations in EconPapers (4)

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