IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2011-108.html
   My bibliography  Save this paper

Luxembourg: 2011 Article IV Consultation: Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg

Author

Listed:
  • International Monetary Fund

Abstract

An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities’ supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector Assessment Program (FSAP), banks remain exposed to liquidity and credit risks related to intragroup exposures and sovereign bond holdings. Directors welcomed the FSAP update and the authorities’ intention to strengthen the regulatory and supervisory frameworks. Directors suggested to revamp the deposit guarantee scheme and supported the target of a balanced budget by 2014.

Suggested Citation

  • International Monetary Fund, 2011. "Luxembourg: 2011 Article IV Consultation: Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg," IMF Staff Country Reports 2011/108, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/108
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24858
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2011/108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.