Cyprus : selected issues paper.
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| Imprint: | Washington, D.C. : International Monetary Fund, 2014. ©2014 |
|---|---|
| Description: | 1 online resource (76 pages) : color illustrations. |
| Language: | English |
| Series: | IMF Country Reports ; no. 14/314 IMF country report ; no. 14/314. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12503446 |
Table of Contents:
- Cover; CONTENTS; THE CYPRIOT HOUSEHOLD SAVING RATE; A. Introduction; B. Two Simple Models of the Saving Rate; FIGURES; 1. Change of Household Saving Rate Versus Explanatory Variables; TABLES; 1. Determinants of the Change of Household Saving Rate; BOX; 1. The Evolution of Households' Net Wealth; 2. Household Saving Rate Versus Explanatory Variables; 2. Determinants of the Level of Household Saving Rate; C. Projecting the Household Saving Rate; D. Conclusion; REFERENCES; ESTIMATING CYPRUS'S POTENTIAL OUTPUT GROWTH; A. Introduction; B. Methodology; TABLES.
- 1. Estimates of Cobb-Douglas Production FunctionC. Results; FIGURE; 1. Growth Accounting, 2002-13; D. Analysis of Potential Output Developments through end-2013; 2. Potential Growth Rate; E. Projecting Cyprus's Long-Term Potential Growth; F. Concluding Remarks; REFERENCES; APPENDIX; I. Methodology; THE HOUSING MARKET IN CYPRUS: FROM BOOM TO BUST; A. Introduction; B. The Boom and Bust; FIGURES; 1. Housing Market, 2002-14; C. Methodology; D. Results; E. Conclusion; 2. Valuation Gap, 1995-2014; TABLES; 1. Results of the Housing Market Model.
- 2. Valuation Based on Reduced-Form Housing Market Model3. Housing Market Model, 2003-14; REFERENCES; APPENDIX; I. Data and Estimation Method; CYPRUS'S BANKING SECTOR: THE CRISIS AND ITS AFTERMATH; A. A Short Retrospective; B. Challenges Ahead; C. Conclusion; REFERENCES; ACHIEVING A DURABLE FISCAL CONSOLIDATION; A. Introduction; B. The Buildup of the Fiscal Imbalance and the Pre-Program Policy Response; C. Cyprus's Public Finances at end-2012 in an International Context; D. Selected Structural Fiscal Issues; E. The Program Fiscal Response and Outcomes to Date.
- F. Options to Achieve a Durable Fiscal ConsolidationG. Conclusion; BOXES; 1. Calculation of the Structural Balance and Structural Balance Adjusted for the Housing Asset Price Movements; 2. The 2012 Consolidation Package; REFERENCES.