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Record Nr. |
UNINA9910154886603321 |
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Autore |
Cerovic Svetlana |
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Titolo |
Dominican Republic : : Sectoral Financial Positions and Macroeconomic Vulnerabilities / / Svetlana Cerovic, Jose Saboin |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-4586-X |
1-4755-4587-8 |
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Descrizione fisica |
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1 online resource (38 pages) : color illustrations |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Economic indicators - Dominican Republic |
Foreign exchange rates - Dominican Republic |
Accounting |
Banks and Banking |
Financial Risk Management |
Macroeconomics |
Money and Monetary Policy |
Public Finance |
International Finance: General |
International Lending and Debt Problems |
Debt |
Debt Management |
Sovereign Debt |
Public Administration |
Public Sector Accounting and Audits |
Monetary Systems |
Standards |
Regimes |
Government and the Monetary System |
Payment Systems |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Public Enterprises |
Public-Private Enterprises |
Financial Crises |
Social Security and Public Pensions |
Financial reporting, financial statements |
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Monetary economics |
Banking |
Civil service & public sector |
Economic & financial crises & disasters |
Pensions |
Financial statements |
Currencies |
Public sector |
Financial crises |
Public financial management (PFM) |
Money |
Economic sectors |
Pension spending |
Expenditure |
Finance, Public |
Banks and banking |
Dominican Republic Economic conditions 1961- |
Dominican Republic |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This paper examines the financial position of the key sectors of the Dominican Republic. It contributes to macroeconomic surveillance by identifying financial interlinkages and vulnerabilities through the balance sheet approach. The balance sheet of the economy has been weakening, particularly in foreign currency, due to persistent fiscal deficits. Risks arising from weaker foreign currency position, however, seem to be mitigated by long-term maturities on government debt and increasing accumulation of foreign currency assets. Given the strong links of the rest of the economy with the public sector, network analysis suggests that while the financial position of the other sectors of the economy is stronger, they could be adversely affected in an external stress scenario. Exposures to public sector are particularly pronounced in the domestic financial system (directly) and households (indirectly, through pension funds). |
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