Greece: Selected Issues

December 10, 1999

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Format: Chicago

Greece: Selected Issues, (USA: International Monetary Fund, 1999) accessed September 20, 2024

Summary

This Selected Issues paper and Statistical Appendix presents a number of studies designed to probe in more depth issues of fiscal adjustment, the public sector’s creditworthiness as judged by foreign lenders, and the banking system in Greece. The paper highlights that fiscal adjustment in Greece has followed a gradual path, relying to a significant extent on revenue enhancement and eschewing primary expenditure reduction. The paper also examines the evolution and tax determinants of the most widely followed indicator of the health and competitiveness of a banking system—the lending-deposit spread.

Subject: Budget planning and preparation, Financial services, Financial statements, Inflation, Prices, Production, Productivity, Public financial management (PFM), Real interest rates

Keywords: Annual budget, Balance sheet operation, Balassa-Samuelson effect, Budget, Budget planning and preparation, CR, Differential result, Europe, Financial statements, Inflation, Inflation in Greece, Interest rate, Interest rate convergence, Interest rate reduction, ISCR, Productivity, Productivity differential, Real interest rates, Southern Europe

Publication Details

Pages:

113
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/138
Stock No:

1GRCEA0021999
ISBN:

9781451816129
ISSN:

1934-7685

Notes

Contains Fiscal Transparency: An Experimental Report.

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