Germany: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

January 21, 2009

Preview Citation

Format: Chicago

Germany: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany, (USA: International Monetary Fund, 2009) accessed December 26, 2024

Summary

This 2008 Article IV Consultation highlights that the financial market turbulence has exposed vulnerabilities in the German financial system. The German consumer’s conservatism under the current uncertain conditions will amplify the export slowdown, and investment decisions are likely to be postponed. Executive Directors have welcomed the German authorities’ continuing priority to maintain financial stability and stabilize the real economy. Directors have also noted that the global financial crisis has highlighted important vulnerabilities of the German financial system, which could be intensified by the economic slowdown in Germany.

Subject: Banking, Commercial banks, Cooperative banks, Credit, Deposit insurance, Financial institutions, Fiscal policy, Loans, Money, Public debt

Keywords: Bank bonds, CDS spread, Commercial banks, Commerzbank, Cooperative banks, CR, Credit, Deficit rule, Economic policy, Europe, Financial market stress, GDP, Global, Government, ISCR, Liquidity rollover requirement, Loans, Slowdown

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/015
Stock No:

1DEUEA2009001
ISBN:

9781451810561
ISSN:

1934-7685

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