Luxembourg: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg

June 4, 2009

Preview Citation

Format: Chicago

Luxembourg: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg, (USA: International Monetary Fund, 2009) accessed December 25, 2024

Summary

The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and policies. It combines substantial fiscal stimulus, including subsidies aimed at stabilizing employment, with the full functioning of the automatic stabilizers. All major expenditure components of GDP are likely to be adversely affected by the financial crisis, waning confidence, and euro area recession.

Subject: Asset and liability management, Banking, Commercial banks, Economic sectors, Financial crises, Financial institutions, Financial sector, Income, Liquidity, National accounts

Keywords: Bank, Central bank of Luxembourg, Commercial banks, CR, Europe, Financial sector, Global, Government, Income, ISCR, Liability positions vis-à-vis nonresident, Liquidity, Luxembourg economy, Luxembourg's currency, Luxemburg, Money market rate

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/178
Stock No:

1LUXEA2009001
ISBN:

9781451824384
ISSN:

1934-7685

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