Republic of Poland : 2013 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/219

IMF Staff Country Reports

Language:

English

Subjects (All):

Poland--Economic policy.

Poland.

Poland--Economic conditions.

Physical Description:

1 online resource (74 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This staff report for the Republic of Poland’s 2013 Article IV Consultation highlights economic development and policies. The current account in 2012 was primarily financed by EU transfers and foreign direct investment (FDI), notwithstanding a reduction in net FDI inflows. Moderate outflows from the domestic banking system were more than offset by strong portfolio inflows into the government bond market. The current account deficit and real effective exchange rate are broadly in line with medium-term fundamentals and desirable policies according to the External Balance Assessment models. The largely foreign-owned banking system has remained well-capitalized, profitable, and liquid.

Contents:

Cover; CONTENTS; CONTEXT; BOXES; 1. Economic Integration into the German Supply Chain: Benefits and Challenges for Poland; RECENT ECONOMIC DEVELOPMENTS; A. The Economy has Lost Steam; B. Despite Recent Turbulence, Financial Conditions have been Broadly Supportive; 2. A Financial Conditions Index for Poland; C. The Banking System has Remained Resilient; 3. External Sector Assessment; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Monetary Policy: Supporting Growth amid Low Inflation; 4. Implementation of Past Fund Advice; B. Rebuilding Fiscal Space at an Appropriate Pace

5. A Permanent Fiscal Rule for PolandC. Further Enhancing the Resilience of the Financial Sector; D. Deepening Structural Reforms and Euro Adoption; 6. FSAP Update Main Findings and Recommendations; STAFF APPRAISAL; FIGURES; 1. Recent Developments in Economic Activity, 2007-13; 2. Household Sector, 2008-13; 3. Labor Market and Inflation, 2008-13; 4. Balance of Payments Developments, 2007-12; 5. Financial Market Developments, 2009-13; 6. External Debt Sustainability: Bound Tests; 7. Banking Sector Capital and Asset Quality, 2007-13; 8. Banking Credit Growth and Funding, 2005-13

9. Interest Rate Developments, 2010-1310. Public Debt Sustainability: Bound Tests; TABLES; 1. Selected Economic Indicators, 2009-18; 2. Balance of Payments on Transaction Basis, 2009-18; 3. Statement of Operations of General Government, 2007-18; 4. General Government Financial Balance Sheet, 2011-18; 5. Monetary Accounts, 2006-13; 6. Financial Soundness Indicators, 2007-13; 7. Public Debt Sustainability Framework, 2009-18; 8. External Debt Sustainability Framework, 2009-18; APPENDICES; I. Poland's Interconnectedness; II. Does the Current Economic Slowdown Hide Some Structural Features?

III. Risk Assessment MatrixIV. Addressing Inconsistency Between Disability and Old-Age Pensions; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475521627

1475521626

9781484370629

1484370627

9781484321485

1484321480