04357nam 2200745 450 991045967650332120200520144314.01-4983-6289-31-4983-1271-3(CKB)3710000000370423(EBL)1969177(SSID)ssj0001467547(PQKBManifestationID)11890101(PQKBTitleCode)TC0001467547(PQKBWorkID)11535840(PQKB)11040943(MiAaPQ)EBC1969177(Au-PeEL)EBL1969177(CaPaEBR)ebr11023472(OCoLC)904407908(EXLCZ)99371000000037042320150302h20152015 uy 0engurcnu||||||||txtccrCosta Rica selected issues and analytical notesWashington, District of Columbia :International Monetary Fund,2015.©20151 online resource (101 p.)IMF Country Report ;Number 15/30Description based upon print version of record.1-4755-2702-0 Includes bibliographical references.Cover; CONTENTS; I. SELECTED REAL SECTOR ISSUES; A. Potential Output Estimates; TABLE; 1. Potential Output Growth and Output Gap Estimates; B. Estimating the Impact of Intel Exit; C. Labor Markets and Inequality; D. Electricity sector; BOX; 1. Methodologies for Potential Output Estimates; References; II. CROSS-BORDER LINKAGES AND SPILLOVERS; A. Trade Linkages; B. Real Growth Spillovers; C. Fiscal Spillovers; D. Financial Spillovers; E. Monetary Policy Spillovers (the Effect of U.S. Monetary Policy Normalization); TABLE; 1. Vulnerability Indicators; FIGURES; 1. Trade Linkages2. Costa Rica and Selected Trading Partners-full title 3. United States: Three Scenarios of Tapering Off (FSGM simulations); 4. The Impact of U.S. Tapering Off (FSGM simulations); References; III. ASSESSING FISCAL VULNERABILITY AND MEDIUM-TERM SUSTAINABILITY; FIGURE; 1. Long-Term Fiscal Sustainability; References; IV. THE CENTRAL BANK NET'S WORTH; A. Introduction; B. Baseline Simulation Results; C. Sensitivity Analysis; FIGURE; 1. Central Bank of Costa Rica: Sensitivity Analysis; BOX; 1. Balance Sheet Equations; References; V. MONETARY POLICY AND INFLATION; A. Monetary Policy StanceB. Pass-through from Exchange Rate Depreciation to Inflation References; VI. TRANSITION TO A FLEXIBLE EXCHANGE RATE: LESSONS FROM PAST EXPERIENCE; A. Background; B. Dangers of Exchange Rate Inflexibility and the Advantages of Flexibility; C. Moving Toward Exchange Rate Flexibility: Experiences and Lessons from Other Countries; D. Assessing Costa Rica's Preparedness to Float; TABLE; 1. Extent of Preparedness for Transitioning to Greater Flexibility: Before the Full Float; FIGURE; 1. Historical Experiences with Transitions to Exchange Rate Flexibility; References; VII. FINANCIAL SECTOR ISSUESA. Strengthening Bank Capital and Liquidity in Central America: The Road to Basel III B. Balance Sheet Analysis; FIGURE; 1. Gross Financial Assets and Liabilities of Economic Sectors; TABLES; 1. External and Foreign Currency Positions; 2. Net Foreign Currency Debt Position and Exchange Rate Shocks; ANNEXES; I. Net Intersectoral Asset and Liability Positions; II. Bank Heat Maps; ReferencesIMF country report ;Number 15/30.Financial services industryCosta RicaBanks and banking, CentralCosta RicaMonetary policyCosta RicaForeign exchange ratesCosta RicaCapital movementsCosta RicaEconomic developmentCosta RicaLabor marketCosta RicaElectric powerCosta RicaElectronic books.Financial services industryBanks and banking, CentralMonetary policyForeign exchange ratesCapital movementsEconomic developmentLabor marketElectric power332.152MiAaPQMiAaPQMiAaPQBOOK9910459676503321Costa Rica1922659UNINA