TY - BOOK ID - 65577474 TI - Cyprus : Selected Issues. PY - 2019 SN - 1513522108 151352206X 1513522086 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Cyprus--Economic conditions. KW - Cyprus KW - History. KW - Banking KW - Banks and Banking KW - Banks and banking KW - Banks KW - Competition KW - Computer applications in industry & technology KW - Depository Institutions KW - Diffusion Processes KW - Digitalization KW - Export performance KW - Exports and Imports KW - Exports KW - Finance KW - Finance: General KW - Financial services industry KW - Fintech KW - General Financial Markets: General (includes Measurement and Data) KW - General issues KW - Government and the Monetary System KW - Imports KW - Industries: Financial Services KW - Industries: Information Technololgy KW - Information technology industries KW - Information technology KW - Innovation KW - Intellectual Property Rights: General KW - International economics KW - International trade KW - Micro Finance Institutions KW - Monetary Systems KW - Mortgages KW - Payment Systems KW - Regimes KW - Research and Development KW - Service exports KW - Standards KW - Technological Change KW - Technological Change: Choices and Consequences KW - Technological innovations KW - Technology KW - Trade: General UR - https://www.unicat.be/uniCat?func=search&query=sysid:65577474 AB - This Selected Issues paper assesses Cyprus’s export competitiveness and understands factors that could explain export developments, particularly in the services sector. Although Cyprus has been able to leverage its strategic location to diversity its markets for goods exports, as a small island economy, opportunities for diversifying its products mix is more limited. Services exports have performed better in the post-crisis period buoyed by the recovery in Europe and the impact of technological advances on global Information and Communication Technologies-enabled trade. Policies to support greater market diversification, enhance competition and efficiency and strengthen technological adoption would help exports growth. Studies have established the relationship between price and cost competitiveness with trade performance. Cyprus has performed reasonably well with strong service exports over the past few years, aided by improvements in cost competitiveness and a recovery in the European export markets. Policymakers should exploit opportunities brought by the digital transformation while addressing the accompanied risks. ER -