Israel: Staff Report for the 1999 Article IV Consultation
Israel is on the threshold of a marked improvement in economic performance. Passage of a revised Bank of Israel law along the lines recommended by the Levin Commission and endorsed by the Bank of Israel should be achieved as soon as possible. Continued vigilance regarding real exchange rate trends, conditions of access to international capital markets, and the health of the banking sector is essential. The government is to be commended for its success in liberalizing Israel's foreign trade and capital accounts.
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Volume/Issue:
Volume 2000
Issue 057
Publication date: April 2000
ISBN: 9781451819465
$20.00
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Business and Economics , Banks and Banking , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , monetary policy , price index , inflation target , fiscal policy , renewed inflation acceleration , revised Central Bureau of Statistics , inflation outlook , commission consist , way monetary policy , inflation expectation figure , inflation environment , Inflation , Inflation targeting , Real interest rates , Fiscal stance , Global
Summary
Israel is on the threshold of a marked improvement in economic performance. Passage of a revised Bank of Israel law along the lines recommended by the Levin Commission and endorsed by the Bank of Israel should be achieved as soon as possible. Continued vigilance regarding real exchange rate trends, conditions of access to international capital markets, and the health of the banking sector is essential. The government is to be commended for its success in liberalizing Israel's foreign trade and capital accounts.
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