Cyprus : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

October 5, 1998

Electronic Access:

Free Full text (PDF file size is 3467 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper examines the adequacy of Cyprus’ economic competitiveness. The paper looks at the recent behavior of conventional indicators of competitiveness, estimates Cyprus’ equilibrium real exchange rate, and provides an econometric analysis of the main determinants of service exports. The overall conclusion is that the country’s current level of the real effective exchange rate is in line with savings-investment fundamentals, but that the recent unfavorable trends in public savings and relative unit labor costs should be reversed to avoid problems in the medium term. The paper also analyzes the financial reform in Cyprus.

Series:

Country Report No. 98/98

Subject:

English

Publication Date:

October 5, 1998

ISBN/ISSN:

9781451809794/1934-7685

Stock No:

1CYPEA0011998

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

92

Please address any questions about this title to publications@imf.org