Portugal: Selected Issues and Statistical Appendix
January 7, 1999
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This Selected Issues paper and Statistical Appendix on Portugal attempts to “feel the pulse” of Portugal’s banking system on the eve of European Monetary Union. It surveys the reforms of the financial sector, explores whether prudential concerns have arisen in the process of liberalization, and gauges how well prepared the Portuguese banking system is for heightened competition from abroad. The paper also draws policy lessons from its approach to reform. The paper reviews the financial liberalization process prior to Portugal’s accession to the European Union and its broadening thereafter.
Subject: Banking, Commercial banks, Consumer credit, Credit, Credit ceilings, Financial institutions, Income, Money, National accounts, Personal income
Keywords: bank Banco de Investimento Immobiliário, bank resource, central bank, Commercial banks, Consumer credit, CR, Credit, Crédit Agricole, Credit ceilings, EU membership, Europe, IMF UR, Income, ISCR, major privatization, monetary policy, net income, operating income, Personal income, Portugues de Investimento, privatization revenue, Statistical Appendix table
Pages:
108
Volume:
1998
DOI:
Issue:
127
Series:
Country Report No. 1998/127
Stock No:
1PRTEA0011998
ISBN:
9781451832112
ISSN:
1934-7685
