Italy: Selected Issues

February 15, 2007

Preview Citation

Format: Chicago

Italy: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 12, 2024

Summary

This Selected Issues paper applies a range of methods to assess Italy’s competitiveness gap versus other euro area members. All indicators point to a clear erosion of competitiveness in recent years, with related market share losses. Nonetheless, the estimated competitiveness gap, while appreciable, still remains quantitatively contained. The results suggest that the unwinding of the competitiveness gap will require reforms that boost productivity growth and continued wage moderation, as well as an adjustment by export firms in Italy.

Subject: Current spending, Exchange rates, Expenditure, Exports, Financial markets, Financial sector development, Fiscal risks, Foreign exchange, Securities markets

Keywords: Bond financing, Corporate bond bond market, CR, Current account, Current spending, Europe, Exchange rate, Exchange rates, Export, Financial sector development, Financing, Financing needs, Firm, Global, Government transfer, Investor protection, ISCR, Italy, Securities markets, Spending, Spending ratio

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/065
Stock No:

1ITAEA2007002
ISBN:

9781451820003
ISSN:

1934-7685

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