United States: 2010 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

July 30, 2010

Preview Citation

Format: Chicago

United States: 2010 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

The U.S. economy is recovering from a financial crisis, but remains vulnerable to shocks. Executive Directors welcomed health care reform, fiscal stabilization, and the Financial Sector Assessment Program (FSAP) assessment, which acknowledged that the financial system has strengthened. Directors underscored the risks in the over-the-counter (OTC) derivatives markets, revitalizing private securitization, and reforms to the housing finance system, including government-sponsored enterprises (GSEs). Directors appreciated the United States for promoting multilateral economic management. Directors assessed that U.S. economic policy could help secure global growth and stability through fiscal consolidation, which could reduce account deficit, and strengthen the financial sector.

Subject: Banking, Financial crises, Financial institutions, Fiscal policy, Fiscal stabilization, Fiscal stance, Loans, Public debt

Keywords: CR, Economy of the United States, Europe, Fed survey, Fiscal stabilization, Fiscal stance, GDP, Global, Government regime, Growth, ISCR, Loans, Rate, Staff appraisal, Treasury yield

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/249
Stock No:

1USAEA2010016
ISBN:

9781455206766
ISSN:

1934-7685

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