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Cyprus : request for arrangement under the extended fund facility /
Cyprus experienced significant internal and external imbalances owing to the European financial crisis. The oversized and weak banking sector continued to be a threat to the sovereign. Greek debt restructuring, together with loan losses of both Cyprus and Greece, resulted in the two largest banks be...
| Clasificación: | Libro Electrónico |
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| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
Ã2013.
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| Colección: | IMF Staff Country Reports.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Cyprus experienced significant internal and external imbalances owing to the European financial crisis. The oversized and weak banking sector continued to be a threat to the sovereign. Greek debt restructuring, together with loan losses of both Cyprus and Greece, resulted in the two largest banks being declared insolvent. However, the authorities have taken unprecedented steps to address the country's banking problems. Temporary administrative controls have been taken to preserve financial stability, while the Extended Fund Facility (EFF) arrangement has been aimed to stabilize the financial system and achieve fiscal sustainability. |
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| Descripción Física: | 1 online resource (1 volume (various pagings)) : illustrations. |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781484381946 1484381947 1484349911 9781484349915 1484317459 9781484317457 |