Princeton University Library Catalog

Ireland: Financial Sector Assessment Program [electronic resource] : Technical Note-Nonbank Sector Stability Analyses.

Author:
International Monetary Fund. Monetary and Capital Markets Department [Browse]
Format:
Book
Language:
English
Published/​Created:
Washington, D.C. : International Monetary Fund, 2016.
Description:
1 online resource (93 p.)
Series:
IMF Staff Country Reports [More in this series]
Summary note:
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Ireland in the areas of nonbank sector stability. Both nonparametric and parametric methods suggest that the residential real estate market in Ireland is close to or moderately below its equilibrium level. Two standard metrics of price-to-income and price-to-rent ratios show that following a protracted period of overvaluation prior to the crisis and a correction afterward, the market has been close to its equilibrium level in recent quarters. Households have deleveraged, but are still highly indebted. The stability analysis results also suggest that vulnerabilities among nonfinancial firms have moderated in recent years.
Source of description:
Description based on print version record.
ISBN:
  • 1475542259 :
Doi:
  • 10.5089/9781475542257.002
Related name:
Other views:
Staff view