The staff report for the 2008 Article IV Consultation of Israel on economic developments and policies is examined. Fiscal and monetary credentials have been established in markets. Banks and their supervisory arrangements have been robust, and growth has been strong, sustained, and balanced. Although public debt is much reduced, to about 80 percent of GDP, it remains vulnerable. Although domestic securities prices tracked those abroad downward, prompting outflows from provident funds, flows in domestic credit markets remained largely undisturbed.Figure 5. Israel: Selected Monetary and Financial Indicators, 2006-08 Policy rate has has responded to uncertain ... 140 140 Stock Market Indexes 13Ad - (January 2007 = 100) - 13Ad 120 a 120 110 - 110 100 - 100 90 - 90 80 - 80 7Ad a#39; its Aviv 100 a#39; . ... G T A 0.3 -aquot;a#39; . a#39; a#39; a#39; . a#39;- ., I 1| I i a#39; U I I I -0a#39;3 _ Difference between Interbank rate and - treasury bills -0.8 Jan-08 Apr-08 Jul-08 Oct-08 And bank default risks rose.
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2009-02-17|