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Israel : selected issues

Author: Nina Budina; International Monetary Fund,
Publisher: Washington, D.C. : International Monetary Fund, ©2011.
Series: IMF country report, no. 11/23.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
1. In the decade to 2007, Israel had secured strong stable growth-averaging 3.8 percent, with inflation in the 1-3 percent range, public debt falling below 80 percent of GDP, budget deficits declining into the 1-3 percent range, external current account surpluses, and the shekel freely floating and competitive (Figure 1). The economy was open and flexible-reflected in exports of some 40 percent of GDP, significantly  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Nina Budina; International Monetary Fund,
ISBN: 1283555506 9781283555500 9781455294237 1455294233
OCLC Number: 720663530
Description: 1 online resource (45 pages).
Contents: Why was Israel so little affected by the Great Recession? / prepared by Nina Budina, Marco Cipriani, and Scott Roger --
Fiscal and monetary frameworks / prepared by Nina Budina and Scott Roger --
Global risks and domestic macrofinancial policies in Israel / prepared by Marco Cipriani --
Medium-term expenditure planning in Israel / prepared by Nina Budina --
Financial stability in Israel : a systemic contingent claims perspective / prepared by Dale Gray, Andy Jobst, Scott Roger, and Peter Doyle.
Series Title: IMF country report, no. 11/23.
Other Titles: Israel, selected issues
Responsibility: prepared by Nina Budina [and others].
More information:

Abstract:

1. In the decade to 2007, Israel had secured strong stable growth-averaging 3.8 percent, with inflation in the 1-3 percent range, public debt falling below 80 percent of GDP, budget deficits declining into the 1-3 percent range, external current account surpluses, and the shekel freely floating and competitive (Figure 1). The economy was open and flexible-reflected in exports of some 40 percent of GDP, significantly oriented towards advanced economies. Property markets were stable, capped by earlier supply overhangs. Financia and especially banking-supervisory structures were, by global pre-crisis standards, highly activist and effective.

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