Israel : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

February 14, 2008

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. 08/63

Subject:

English

Publication Date:

February 14, 2008

ISBN/ISSN:

9781451819656/1934-7685

Stock No:

1ISREA2008002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

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