Costa Rica: Selected Issues

International Monetary Fund

No 2013/080, IMF Staff Country Reports from International Monetary Fund

Abstract: This article is a synopsis on Costa Rica’s international spillovers, potential estimates, fiscal challenges, and banking systems. Spillovers are originated by cross-country trade and financial linkages, and also by the impact of global fiscal consolidation. The banking sector has about one-third foreign bank assets, and these foreign investments are controlled by the United States. So a shock in the United States or China will have adverse effects on Costa Rica. To have a medium- and long-term sustainability, Costa Rica needs to have some fiscal adjustments.

Keywords: ISCR; CR; Basel; Gdp; bond yield; bank; credit default swap; supervisory authority; exposure to country; public finances to change; capital requirement; sovereign credit rating; Costa Rica's banking sector; Five-year credit default swap; III capital requirement; public finances; Costa Rica trade; Costa Rica's trade; Basel III; Fiscal consolidation; Foreign banks; Output gap; Central America; Europe; Global (search for similar items in EconPapers)
Pages: 24
Date: 2013-03-22
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