IMF Staff Country Reports

Portugal: Selected Issues and Statistical Appendix

Publication Date:

January 7, 1999

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper and Statistical Appendix on Portugal attempts to “feel the pulse” of Portugal’s banking system on the eve of European Monetary Union. It surveys the reforms of the financial sector, explores whether prudential concerns have arisen in the process of liberalization, and gauges how well prepared the Portuguese banking system is for heightened competition from abroad. The paper also draws policy lessons from its approach to reform. The paper reviews the financial liberalization process prior to Portugal’s accession to the European Union and its broadening thereafter.

Series:

Country Report No. 1998/127

Subject:

Banking Commercial banks Consumer credit Credit Credit ceilings Financial institutions Income Money National accounts Personal income