ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / International / Economics

United Arab Emirates:2014 Article IV Consultation-Staff Report Press Release and Statement by the Executive Director for the Uni

| £7.50 | €8.43 | Ca$12.17 | Au$12.01
by International Monetary Fund. Midd Dept.
What is this?DRM-EPUB | by download   add to wish list
United Arab Emirates:2014 Article IV Consultation-Staff Report Press Release and Statement by the Executive Director for the Uni by International Monetary Fund. Midd Dept.

KEY ISSUES Economic context. Economic growth has been solid, supported by tourism, hospitality, and a rebounding real estate sector. Rapid price increases in some segments of the real estate market have prompted concerns about possible excessive risk-taking. The pace of fiscal consolidation slowed in 2013. The economic recovery, combined with higher real estate prices and a liquid banking system, has further supported the rollover of the still- large debt maturities of government-related entities (GREs). Policy Focus. Economic and financial policies should continue to aim at mitigating the risk of a renewed cycle of exuberance, and at strengthening the fiscal position. Efforts in deleveraging and restructuring GREs should continue. Macroeconomic policy mix. Fiscal plans for this year and the medium term imply appropriate countercyclical fiscal policy amid economic strengthening. Monetary policy in coming years is expected to tighten under the U.S. dollar peg, helping the United Arab Emirates (UAE) mitigate the risk of potentially large private credit growth, and could be supported by macroprudential tightening should deposit and credit growth accelerate further. Real estate. Further measures, such as setting higher fees for reselling properties within a short time, and restrictions on reselling off-plan properties, are warranted, particularly if rapid price increases continue. These measures could be supported by targeted macroprudential tightening in case real estate lending picks up further. GREs. Strengthening the coordinating mechanisms for prioritizing and sequencing major projects will be important, as is continuing to avoid new large-scale risk-taking by highly indebted GREs. Building on recent progress, upcoming debt maturities should be managed proactively; this should include timely communication and improving GREs’ transparency and governance. Financial stability. The banking system maintains significant capital and liquidity buffers. Banking system soundness should be further strengthened by gradually reducing the exposure to emirate governments and GREs of those banks exceeding recently imposed loan concentration limits, by strengthening corporate governance in banks, and by continuing to enhance the financial integrity framework.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 641139

Ebook Details
Pages: 56
Size: 5.1 MB
Date published:   2014
ISBN: 9781498336567 (DRM-EPUB)

DRM Settings
Copying:of 20 selections every 20 days allowed
Printing:of 20 pages every 20 days allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > International > Economics

This author has products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Social Science
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Finance
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Law
Nonfiction > Law > Public
Nonfiction > Business & Economics > Labor
Nonfiction > Political Science > Public Policy > Social Security
Nonfiction > Business & Economics > Industries

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2016