Surveillance of Intra-euro-area

Surveillance of Intra-euro-area PDF Author:
Publisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 184

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Book Description

Surveillance of Intra-euro-area

Surveillance of Intra-euro-area PDF Author:
Publisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 184

Get Book

Book Description


2011 Triennial Surveillance Review - External Study - An Evaluation of IMF Surveillance of the Euro Area

2011 Triennial Surveillance Review - External Study - An Evaluation of IMF Surveillance of the Euro Area PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498338704
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
External Study prepared by Jean Pisani-Ferry, André Sapir, and Guntram B. Wolff: This report provides an independent evaluation of recent IMF surveillance in the euro area (EA). It focuses on the euro area as a whole and on four countries severely hit by the recent economic and financial crisis, namely Greece, Ireland, Portugal and Spain.

A Banking Union for the Euro Area

A Banking Union for the Euro Area PDF Author: Rishi Goyal
Publisher: International Monetary Fund
ISBN: 1475569823
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.

CoMap: Mapping Contagion in the Euro Area Banking Sector

CoMap: Mapping Contagion in the Euro Area Banking Sector PDF Author: Mehmet Ziya Gorpe
Publisher: International Monetary Fund
ISBN: 1498312071
Category : Business & Economics
Languages : en
Pages : 63

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Book Description
This paper presents a novel approach to investigate and model the network of euro area banks’ large exposures within the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non-linear function of the combination of network structures and bank-specific characteristics.

Euro Area Policies: Selected Issues

Euro Area Policies: Selected Issues PDF Author: Fondo Monetario Internacional
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451813067
Category :
Languages : en
Pages : 62

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Book Description
This Selected Issues paper on Euro Area Policies reviews the integration of Europe's financial markets and the challenges faced by the new European Union member states with respect to euro adoption. Markets in the Financial Instruments Directive are expected to become applicable in November 2007. The Directive injects new competition among financial intermediaries at all steps of a security's transaction cycle, from the provision of investment advice to the practical execution and settlement of the transaction, and thus holds the promise to accelerate Europe's apparently sluggish financial sector productivity growth.

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Economic Convergence in the Euro Area: Coming Together or Drifting Apart? PDF Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1484338499
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.

OECD Economic Surveys: Euro Area 2010

OECD Economic Surveys: Euro Area 2010 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264090010
Category :
Languages : en
Pages : 167

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Book Description
The 2010 edition of OECD's periodic review of the Euro area economy. This edition includes chapters covering exiting from the crisis, resolving unsustainable imbalances, rebuilding public finances and fiscal discipline and minimising risks from imbalances in European banking.

Governing the Euro Area in Good Times and Bad

Governing the Euro Area in Good Times and Bad PDF Author: Dermot Hodson
Publisher: Oxford University Press
ISBN: 019957250X
Category : Business & Economics
Languages : en
Pages : 185

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Book Description
This volume offers a timely analysis of economic and monetary union at a time of heightened uncertainty about the future of the Euro. It explores the evolution of Euro area governance from the launch of the Euro in 1999 to the sovereign debt crisis that struck the Euro area in 2010.

Indicator-Based Monitoring of Regional Economic Integration

Indicator-Based Monitoring of Regional Economic Integration PDF Author: Philippe De Lombaerde
Publisher: Springer
ISBN: 3319508601
Category : Political Science
Languages : en
Pages : 360

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Book Description
This volume brings together experts from different world regions. It presents various experiences with building indicator systems for monitoring the implementation of regional economic integration policies such as preferential trade areas, common markets or economic and monetary unions. The volume discusses both the technical and governance aspects of such systems, and best practices. The regional experiences that are covered include: the European Union, Eurasia, ASEAN, the East African Community (EAC), COMESA, CARICOM, the African-Caribbean-Pacific Group, and the Americas. In addition, various chapters discuss cross-cutting methodological challenges related to trade-related indicators.

The Consequences of the International Crisis for European SMEs

The Consequences of the International Crisis for European SMEs PDF Author: Bruno Dallago
Publisher: Routledge
ISBN: 0415680859
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
The book explores how, to what extent and with what consequences the international crisis of 2007-2008 and the recession which followed have affected European SMEs (small and medium enterprises) in both the well established market economies of the old member countries and in the post-transformation new member countries, and what can be done at the institutional and political level to uphold them.