Israel: Selected Issues
Electronic Access:
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Summary:
The methodologies used in this paper suggest that Israel’s real exchange rate is moderately undervalued, while gains in external competitiveness appear to have been eroded in recent years. Market-based indicators provide a useful additional dimension to the analysis of financial stability in Israel. The Israeli government has made far-reaching reforms to financial markets in recent years. Banks’ performance and financial strength have been improving. This paper proposes two rules that are based on a debt-brake concept and an alternative error-correction-mechanism toward fiscal policy in Israel.
Series:
Country Report No. 2008/063
Subject:
Banking Expenditure Financial institutions Fiscal policy Fiscal rules Foreign exchange Insurance companies Public debt Real exchange rates
English
Publication Date:
February 14, 2008
ISBN/ISSN:
9781451819656/1934-7685
Stock No:
1ISREA2008002
Pages:
70
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