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Ireland : Financial Sector Assessment Program: Technical Note-Nonbank Sector Stability Analyses.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Monetary and Capital Markets Department.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2016/317
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- International business enterprises--Ireland.
- International business enterprises.
- Financial institutions--Ireland.
- Financial institutions.
- Physical Description:
- 1 online resource (94 pages) : illustrations (some color), tables, charts.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2016.
- Summary:
- This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the areas of nonbank sector stability. Both nonparametric and parametric methods suggest that the residential real estate market in Ireland is close to or moderately below its equilibrium level. Two standard metrics of price-to-income and price-to-rent ratios show that following a protracted period of overvaluation prior to the crisis and a correction afterward, the market has been close to its equilibrium level in recent quarters. Households have deleveraged, but are still highly indebted. The stability analysis results also suggest that vulnerabilities among nonfinancial firms have moderated in recent years.
- Notes:
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (ebrary, viewed November 4, 2016).
- ISBN:
- 9781475542349
- 1475542348
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