Israel: Selected Issues

February 14, 2008

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Format: Chicago

Israel: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

The methodologies used in this paper suggest that Israel’s real exchange rate is moderately undervalued, while gains in external competitiveness appear to have been eroded in recent years. Market-based indicators provide a useful additional dimension to the analysis of financial stability in Israel. The Israeli government has made far-reaching reforms to financial markets in recent years. Banks’ performance and financial strength have been improving. This paper proposes two rules that are based on a debt-brake concept and an alternative error-correction-mechanism toward fiscal policy in Israel.

Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal rules, Foreign exchange, Insurance companies, Public debt, Real exchange rates

Keywords: A number of Israeli bank, B. current account trend, Bank, Bank-customer relation, CR, Current account, Deficit target, Europe, Expenditure ceiling, Expenditure rule, Fiscal rules, Global, Insurance companies, ISCR, Market, Merchandise goods export, Norm current account, Real exchange rates

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/063
Stock No:

1ISREA2008002
ISBN:

9781451819656
ISSN:

1934-7685

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