Norway : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 5, 2016

Electronic Access:

Free Full Text (PDF file size is 2370 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The paper examines the nature and scale of spillovers to a number of European countries from monetary policies in the euro area and the United States using three different approaches. The analysis focuses on selected non-euro-area countries in Europe: the Czech Republic, Denmark, Hungary, Poland, and Sweden. Recent developments in these countries’ sovereign bond yields and exchange rates are indicative of potential spillovers. The paper’s most consistent analytical finding is for spillovers to lower domestic bond yields, with the potential for repercussions on credit expansion and asset prices. More recently, the event study uncovered evidence of upward pressure on the exchange rate.

Series:

Country Report No. 16/214

Subject:

English

Publication Date:

July 5, 2016

ISBN/ISSN:

9781498345026/1934-7685

Stock No:

1NOREA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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