Luxembourg: Selected Issues
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Summary:
This paper studies the two vital issues of Luxembourg’s economy: investment IMF-World Bank linkages and lessons and challenges in accommodating migrants and refugees. The Luxembourg investment fund industry, second in the world after the United States, has grown rapidly since the global financial crisis. Risks in investment funds are attracting global attention, and the linkages between Luxembourg funds and banks could contribute to transmitting financial volatility to the financial system and the real economy. Past experience of handling migration flows and a positive public attitude have helped the authorities to mobilize resources for accommodating sharply rising refugee inflows from mid-2015.
Series:
Country Report No. 2016/119
Subject:
Asset and liability management Asset management Asset valuation Banking Corporate bonds Financial institutions Migration Mutual funds Population and demographics
English
Publication Date:
May 16, 2016
ISBN/ISSN:
9781484349984/1934-7685
Stock No:
1LUXEA2016002
Pages:
32
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