Economic Stabilization And Growth In Portugal
DOWNLOAD
Download Economic Stabilization And Growth In Portugal PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Economic Stabilization And Growth In Portugal book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Economic Stabilization And Growth In Portugal
DOWNLOAD
Author : Mr.Hans O. Schmitt
language : en
Publisher: International Monetary Fund
Release Date : 1981-04-15
Economic Stabilization And Growth In Portugal written by Mr.Hans O. Schmitt and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981-04-15 with Business & Economics categories.
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a balance-of-payments constraint was new to Portugal. The paper reviews the issues that had to be resolved to develop an effective program. The economic outturn is also critically examined in this paper.
From Crisis To Convergence
DOWNLOAD
Author : Mr.Dmitry Gershenson
language : en
Publisher: International Monetary Fund
Release Date : 2016-03-25
From Crisis To Convergence written by Mr.Dmitry Gershenson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-25 with Business & Economics categories.
In 2011, following years of large-scale external imbalances financed by debt, Portugal’s economy reached a crisis point. To restore economic growth and credibility with international lenders, the country embarked on a difficult path of fiscal adjustment and structural reforms. By many metrics, Portugal’s 2011–14 macroeconomic stabilization program has been a success, but going forward Portugal would benefit from policies to reduce vulnerabilities, absorb labor slack, and generate sustainable growth.
Portugal
DOWNLOAD
Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-01-30
Portugal written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-30 with Business & Economics categories.
The three year Fund-supported program that expired at end-June 2014 succeeded in stabilizing Portugal’s economy and restoring access to sovereign debt markets. Following the deep downturn of 2011–12, the economy has expanded in six of the last seven quarters, albeit at a moderate pace. The cumulative fiscal consolidation over the past three years has been substantial, and the current account is now in surplus. Regained policy credibility and benign market conditions have facilitated the resumption of market access at declining yields. But private consumption is driving the recovery, while the necessary rebalancing of the economy remains elusive. With post-crisis labor slack still extensive, attaining higher growth through private investment and export-led growth continues to be constrained by high corporate debt and weak external competitiveness. Moreover, the momentum for reforms and fiscal adjustment appears to have flagged over the past six months. Notwithstanding past structural reform efforts aimed at improving competitiveness, the slow expansion despite the high labor slack suggests that the unfinished agenda is substantial. Corporate debt is also excessively high, acting as a brake on investment and job creation. While the fiscal targets for 2014 seem well within reach, significantly more ambitious expenditure reforms will be needed to comply with the government’s own medium-term budget framework. Recently regained policy credibility and benign market conditions provide a welcome but only limited window of opportunity to press ahead with necessary reforms. With elections due by October 2015, building consensus around these reforms will prove difficult in the short term. In this context, discussions focused on three key areas necessary to maintaining economic and financial stability and improving medium- term growth prospects: (i) enhancing competitiveness through further reforms to improve the functioning of labor and product markets, and making progress on corporate deleveraging; (ii) safeguarding financial sector stability in a low profitability and low growth environment; and (iii) ensuring fiscal stability in a low profitability and low growth environment; and (iii) ensuring fiscal sustainability against the backdrop of vulnerable debt dynamics and large financing needs.
Portugal
DOWNLOAD
Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-01-30
Portugal written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-30 with Business & Economics categories.
The three year Fund-supported program that expired at end-June 2014 succeeded in stabilizing Portugal’s economy and restoring access to sovereign debt markets. Following the deep downturn of 2011–12, the economy has expanded in six of the last seven quarters, albeit at a moderate pace. The cumulative fiscal consolidation over the past three years has been substantial, and the current account is now in surplus. Regained policy credibility and benign market conditions have facilitated the resumption of market access at declining yields. But private consumption is driving the recovery, while the necessary rebalancing of the economy remains elusive. With post-crisis labor slack still extensive, attaining higher growth through private investment and export-led growth continues to be constrained by high corporate debt and weak external competitiveness. Moreover, the momentum for reforms and fiscal adjustment appears to have flagged over the past six months. Notwithstanding past structural reform efforts aimed at improving competitiveness, the slow expansion despite the high labor slack suggests that the unfinished agenda is substantial. Corporate debt is also excessively high, acting as a brake on investment and job creation. While the fiscal targets for 2014 seem well within reach, significantly more ambitious expenditure reforms will be needed to comply with the government’s own medium-term budget framework. Recently regained policy credibility and benign market conditions provide a welcome but only limited window of opportunity to press ahead with necessary reforms. With elections due by October 2015, building consensus around these reforms will prove difficult in the short term. In this context, discussions focused on three key areas necessary to maintaining economic and financial stability and improving medium- term growth prospects: (i) enhancing competitiveness through further reforms to improve the functioning of labor and product markets, and making progress on corporate deleveraging; (ii) safeguarding financial sector stability in a low profitability and low growth environment; and (iii) ensuring fiscal stability in a low profitability and low growth environment; and (iii) ensuring fiscal sustainability against the backdrop of vulnerable debt dynamics and large financing needs.
Portugal
DOWNLOAD
Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2011-06-07
Portugal written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-07 with Business & Economics categories.
Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.
The Modern Portuguese Economy In The Twentieth And Twenty First Centuries
DOWNLOAD
Author : Luciano Amaral
language : en
Publisher: Springer
Release Date : 2019-08-14
The Modern Portuguese Economy In The Twentieth And Twenty First Centuries written by Luciano Amaral and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-14 with Business & Economics categories.
This book offers insights into the behaviour of the Portuguese economy in relation to economic growth from the twentieth century to the present. How did the 1891-92 crisis and World Wars impact Portugal economically? How did the Portuguese economy behave during the 'Golden Age' of economic growth in postwar Europe? What have the effects of the European Monetary Union been? Amaral examines long-running trends in the development of the modern Portuguese economy in order to help us understand various growth phases of the modern period. This title is important reading for economic historians and economists researching economic growth, crises, stablisation and monetary unions.
The Portuguese Economy Since 1974
DOWNLOAD
Author : David Corkill
language : en
Publisher:
Release Date : 1993
The Portuguese Economy Since 1974 written by David Corkill and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Now, with the country set to compete with its European rivals on equal terms, David Corkill places it within the context of the EEC and Southern Europe, detailing its economic development and exploring a number of interrelated themes: the legacy of dictatorship; the impact of the 1974 revolution; the economic crisis of the 1970s and early 1980s; and the economic boom following EEC accession.
The Economic Adjustment Programme For Portugal
DOWNLOAD
Author : European Commission. Directorate-General for Economic and Financial Affairs
language : en
Publisher:
Release Date : 2011
The Economic Adjustment Programme For Portugal written by European Commission. Directorate-General for Economic and Financial Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economic assistance categories.
"This report by European Commission staff provides an overview of the challenges faced by Portugal and the objectives and design of the economic and financial programme. Following a request by Portugal on 7 April 2011, the European Commission, ECB and IMF negotiated an Economic Adjustment Programme, aimed at restoring confidence, enabling the return of the economy to sustainable growth, and safeguarding financial stability in Portugal, the Euro area and the EU. The Programme was agreed by the European Council on 17 May 2011. It covers the period 2011-2014. The programme foresees comprehensive action on three fronts: a credible and balanced fiscal consolidation strategy, efforts to safeguard the financial sector and deep and frontloaded structural reforms to boost potential growth."--Provided by publisher.
Economic Growth And Macroeconomic Stabilization Policies In Post Keynesian Economics
DOWNLOAD
Author : Hassan Bougrine
language : en
Publisher: Edward Elgar Publishing
Release Date : 2020-07-31
Economic Growth And Macroeconomic Stabilization Policies In Post Keynesian Economics written by Hassan Bougrine and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-31 with Business & Economics categories.
Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.
An Economic History Of Portugal 1143 2010
DOWNLOAD
Author : Leonor Freire Costa
language : en
Publisher: Cambridge University Press
Release Date : 2016-05-03
An Economic History Of Portugal 1143 2010 written by Leonor Freire Costa and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-03 with Business & Economics categories.
A fascinating exploration of the evolution of the Portuguese economy over the course of eight centuries, from 1143 to 2010.