Czech Republic: 2005 Article IV Consultation—Staff Report and Public Information Notice on the Executive Board Discussion

August 9, 2005

Preview Citation

Format: Chicago

Czech Republic: 2005 Article IV Consultation—Staff Report and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This 2005 Article IV Consultation highlights that recent accession to the European Union and gains in growth performance reinforced the Czech Republic’s position as one of the most open and developed economies among the new member states. Thanks to substantial foreign direct investment, its manufacturing sector is closely integrated into cross-border production networks, and foreign-owned firms now account for most of industrial exports. Banking sector indicators are positive, and bank lending—led by credit to households—continue to rebound. Past restructuring and improved risk management have also strengthened banks.

Subject: Financial services, Fiscal policy, Population and demographics, Prices, Public debt

Keywords: Aging, Central and Eastern Europe, CR, Current account, Deficit, Europe, Exchange rate, Global, Headline inflation, Inflation, Inflation targeting, Inflation-targeting framework, ISCR, Labor market, Lending, Monetary policy, Real interest rates, Western Europe

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/276
Stock No:

1CZEEA2005002
ISBN:

9781451810233
ISSN:

1934-7685

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