Luxembourg : 2011 Article IV consultation : staff report, informational annex, public information notice on the Executive Board discussion, and statement by the Executive Director for Luxembourg /
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Imprint: | Washington, D.C. : International Monetary Fund, ©2011. |
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Description: | 1 online resource (49 pages). |
Language: | English |
Series: | IMF country report ; no. 11/108 IMF country report ; no. 11/108. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499348 |
Varying Form of Title: | Luxembourg, 2011 Article IV consultation |
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Other authors / contributors: | International Monetary Fund. |
ISBN: | 1283552086 9781283552080 9781462380893 1462380891 1455285633 9781455285631 |
ISSN: | 2227-8907 |
Notes: | Online resource; title from PDF title page (IMF Web site, viewed August 19, 2011). |
Summary: | An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities' supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector Assessment Program (FSAP), banks remain exposed to liquidity and credit risks related to intragroup exposures and sovereign bond holdings. Directors welcomed the FSAP update and the authorities' intention to strengthen the regulatory and supervisory frameworks. Directors suggested to revamp the deposit guarante. |
Other form: | Print Version: 9781455285631 |
Standard no.: | 10.5089/9781455285631.002 |
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