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Republic of Lithuania: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 137
Language:
English
Publication Date:
03 Apr 2007
DOI:
https://doi.org/10.5089/9781451824155.002
ISBN:
9781451824155
ISSN:
1934-7685
Pages:
34
Keywords:
ISCR; CR; bank; earnings; worker; rate; parent bank; tax wedge; bank asset-to-GDP ratio; word bank World Development Indicators; bank supervisor; parent-bank lending; income tax; Personal income tax; Tax wedge; Wages; Income tax systems; Securities; Eastern Europe; Baltics; Global
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This Selected Issues paper on the Republic of Lithuania discusses structure of the financial sector, banking system vulnerabilities, and challenges. Rapid credit growth has been channeled into consumer and real estate lending, and is increasingly financed by foreign borrowing. The financial soundness indicators (FSIs) suggest a sound banking system, but may be lagging measure for financial system health. The current stress tests do not include a scenario with an economy-wide recession that could describe broader systemic risks to the banking system.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund