IMF Staff Country Reports

Costa Rica: Selected Issues

March 22, 2013

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Costa Rica: Selected Issues, (USA: International Monetary Fund, 2013) accessed September 18, 2024

Summary

This article is a synopsis on Costa Rica’s international spillovers, potential estimates, fiscal challenges, and banking systems. Spillovers are originated by cross-country trade and financial linkages, and also by the impact of global fiscal consolidation. The banking sector has about one-third foreign bank assets, and these foreign investments are controlled by the United States. So a shock in the United States or China will have adverse effects on Costa Rica. To have a medium- and long-term sustainability, Costa Rica needs to have some fiscal adjustments.

Subject: Basel III, Financial institutions, Financial regulation and supervision, Fiscal consolidation, Fiscal policy, Foreign banks, Output gap, Production, Public debt

Keywords: Bank, Basel, Basel III, Bond yield, Capital requirement, Central America, Costa Rica trade, Costa Rica's banking sector, Costa Rica's trade, CR, Credit default swap, Europe, Exposure to country, Fiscal consolidation, Five-year credit default swap, Foreign banks, Gdp, Global, III capital requirement, ISCR, Output gap, Public finances, Public finances to change, Sovereign credit rating, Supervisory authority

Publication Details

  • Pages:

    24

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2013/080

  • Stock No:

    1CRIEA2013002

  • ISBN:

    9781484319413

  • ISSN:

    1934-7685