Portugal: Selected Issues and Statistical Appendix

International Monetary Fund

No 1998/127, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix on Portugal attempts to “feel the pulse” of Portugal’s banking system on the eve of European Monetary Union. It surveys the reforms of the financial sector, explores whether prudential concerns have arisen in the process of liberalization, and gauges how well prepared the Portuguese banking system is for heightened competition from abroad. The paper also draws policy lessons from its approach to reform. The paper reviews the financial liberalization process prior to Portugal’s accession to the European Union and its broadening thereafter.

Keywords: ISCR; CR; central bank; operating income; monetary policy; Crédit Agricole; net income; Portugues de Investimento; bank Banco de Investimento Immobiliário; Commercial banks; Personal income; Credit; Consumer credit; Credit ceilings; Europe; EU membership; privatization revenue; Statistical Appendix table; major privatization; IMF UR; bank resource; Income (search for similar items in EconPapers)
Pages: 108
Date: 1999-01-07
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/127

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