{
  "title": "Ireland: Staff Report for the 2006 Article IV Consultation",
  "publication": "IMF Staff Country Reports, August 7, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-staff-report-for-the-2006-article-iv-consultation-19523",
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  "summary": "The 2006 Article IV Consultation found that 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.",
  "sections": [
    {
      "heading": "Financial system performance and vulnerabilities",
      "content": "- The financial system in Ireland \"continues to perform well\" but \"rapid credit growth is a vulnerability.\"\n- Central Bank officials noted that recent stress tests indicate that \"the major lenders have adequate buffers to cover a range of shocks.\""
    },
    {
      "heading": "Financial regulation and supervisory actions",
      "content": "- 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."
    },
    {
      "heading": "Fiscal position",
      "content": "- \"The general government fiscal position has been either close to balance or in surplus for the past decade.\""
    },
    {
      "heading": "Thematic focus and keywords",
      "content": "- Subject areas: Banking, Credit, Financial institutions, Financial regulation and supervision, Labor, Money, Mortgages, Public debt, Wages\n- 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\n\nIreland: Staff Report for the 2006 Article IV Consultation, August 7, 2006\n\n---\n\n Content in this bundle\n\n- cr06293\n  - cr06293 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06293 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 7, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451942620.002",
    "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.\"",
    "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.",
    "\"The general government fiscal position has been either close to balance or in surplus for the past decade.\"",
    "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",
    "**_cr06293**"
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