External imbalances 

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... target this year. economic factors the key risk in this promising macro outlook is the external imbalances facing turkey.the 12-month rolling current account deficit is already above usd 16 ... rising rapidly, making turkey more vulnerable to adverse developments in international liquidity. given the high external financing needs, confirma- tion of the imf program is regarded as crucial. although the ...
tebnv.nl

20100609140407 GBI AnnualReport2009 pdf
... statements and the reports of the external auditor were discussed in the presence of the external auditor. outside the supervisory board ... reports of the external advisors. in 2009 the audit and risk management committee met twice. the external auditor participated once. credit ... 3.4 percent more than at end of 2008. the external imbalances have suffered a strong correction. the imports decreased by ...
garantibank.nl

Microsoft Word - cpbdoc46.doc
... 25 3.2 trade prices in us dollars 27 4 external imbalances 29 5 trade consistency check for the aiece area annex ... reduced geopolitical tensions and smaller negative effects of unwinding the financial imbalances of the end of the nineties. due to stronger european ... the yen, 1999-2004 dollar per euro yen per euro external imbalances external imbalances seem to widen further in 2003 and 2004. the huge ...
cpb.nl

Microsoft Word - cpbdoc126.doc
... oil price to 60 per barrel in 2007, from 66 per barrel in 2006. external imbalances increased further in 2006, and the trade deficit of the united states is expected ... risk. 5 imf, world economic outlook, april external imbalances external imbalances persists and are therefore increasing the risk of a confidence shock in the us economy external imbalances further increased in 2005 and 2006, partly ...
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untitled
... than was first expected. besides volatile oil prices, the still increasing global current account imbalances, the latent protectionist pressures and slowing housing markets in a number of countries ... awareness of our staff members. therefore, the management, compliance officers and or an external party, the dutch compliance institute , regularly train and instruct staff members on compliance issues ...
tebnv.nl

ar2006.pdf
... percent in usd terms, under-performing the rest of the emerging equity markets. global imbalances continued to occupy the minds of policy-makers and investors.reserve accumulation in asian ... compliance procedures.internal communication sessions support the proper understanding and effective compliance of these external and internal requirements.all legal issues are under the co-ordination of the ...
garantibank.nl

Report FM
... severe balance sheet problems in the financial sector will arise depending on cross-border imbalances between assets and liabilities. indeed, the same will apply to the corporate sector. ... examined structural issues. these include the members' fiscal solvency, their international competitiveness and external balance sheet positions. given the divergent performance of different asset classes, we have ...
ing.nl