Ireland: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, August 7, 2006
Source details
- Canonical URL
- Ireland: Staff Report for the 2006 Article IV Consultation
Other formats
Bibliographic details
- Published: August 7, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451942620.002
Financial system performance and vulnerabilities
- The financial system in Ireland "continues to perform well" but "rapid credit growth is a vulnerability."
- Central Bank officials noted that recent stress tests indicate that "the major lenders have adequate buffers to cover a range of shocks."
Financial regulation and supervisory actions
- The Financial Regulator observed that "the risk weighting on high loan-to-value mortgages was increased," consistent with advice from the Financial Sector Assessment Program (FSAP) Update mission.
Fiscal position
- "The general government fiscal position has been either close to balance or in surplus for the past decade."
Thematic focus and keywords
- Subject areas: Banking, Credit, Financial institutions, Financial regulation and supervision, Labor, Money, Mortgages, Public debt, Wages
- Keywords: asset, asset ratio, business income, CR, Credit, debt, Europe, Global, HICP inflation, household debt, Ireland, ISCR, Mortgages, potential GDP, real GNP growth, return on equity, Wages, widening current account deficit
Ireland: Staff Report for the 2006 Article IV Consultation, August 7, 2006