01615cas a2200241 a 4500 AALejournalIMF009861 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451819656 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Israel : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (70 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The methodologies used in this paper suggest that Israel's real exchange rate is moderately undervalued, while gains in external competitiveness appear to have been eroded in recent years. Market-based indicators provide a useful additional dimension to the analysis of financial stability in Israel. The Israeli government has made far-reaching reforms to financial markets in recent years. Banks' performance and financial strength have been improving. This paper proposes two rules that are based on a debt-brake concept and an alternative error-correction-mechanism toward fiscal policy in Israel. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/063 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/063/002.2008.issue-063-en.xml IMF e-Library