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Persistent link: https://www.econbiz.de/10013447617
This paper presents the Third Post-Program Monitoring discussions with Cyprus. Cyprus's rapid recovery is expected to …-off increase related to the sale of Cyprus Cooperative Bank in the year 2018. Repayment capacity appears to be adequate under the …
Persistent link: https://www.econbiz.de/10012109074
In tandem with Eurozone financial market developments and the prevalence of negative interest rates in 2020, Cypriot … are scarce, given negative yields on other Eurozone sovereign and agency issues. This situation is shared by the PDMO with … almost all of its Eurozone peers. While this is likely to persist in the short term, it should not preclude establishing a …
Persistent link: https://www.econbiz.de/10013169226
This paper focuses on what countries can do on their own-that is, on the role of domestic policies-with respect to country insurance. Member countries are routinely faced with a range of shocks that can contribute to higher volatility in aggregate output and, in extreme cases, to economic...
Persistent link: https://www.econbiz.de/10014405794
Persistent link: https://www.econbiz.de/10010395346
This paper examines central bank independence with reference to the constraints on central bank credit to the government, focusing on how such credit should be regulated. It discusses why credit should be contsrained, and in which forms, and how to implement those constraints
Persistent link: https://www.econbiz.de/10014404981
industrial countries following the global economic crisis--and the underlying weaknesses in the architecture of the currency …
Persistent link: https://www.econbiz.de/10013548491