Sweden: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
IMF Staff Country Reports, July 13, 2011
Source details
- Canonical URL
- Sweden: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
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Bibliographic details
- Published: July 13, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462300181.002
Overview and context
- Publication date: July 13, 2011
- Focus: economic developments and policies used for the recovery of financial stability of Sweden against global recession.
- Central bank action: low inflation is reached by increasing Riksbank policy rate.
- Institutional role: the role of the fiscal policy council is explained.
- Endorsements: Financial Sector Assessment Program (FSAP) recommendations are endorsed on financial institutions.
Key findings and endorsed recommendations
- Financial sector recommendations (FSAP) endorsed:
- Merging the stability and deposit insurance funds.
- Establishing a special bank resolution regime.
- Increasing further the Financial Supervisory Agency’s capacity.
- Regulatory stance:
- The Basel III capital regulations are supported by the authorities.
- Monetary policy outcome:
- Low inflation is reached by increasing Riksbank policy rate.
Subject areas and keywords
- Subject: Banking, Covered bonds, Financial crises, Financial institutions, Fiscal policy, Fiscal stance, Housing prices, Mortgages, Prices
- Keywords: CFT framework, consultation discussion, Covered bonds, CR, due diligence, Global, government, Housing prices, ISCR, Last Article IV consultation, Mortgages, public finance, Riksbank policy rate, risk reduction, Stockholm