Euro Area Policies
| Year of publication: |
2014
|
|---|---|
| Authors: | European Dept., International Monetary Fund |
| Publisher: |
Washington : International Monetary Fund |
| Subject: | Eurozone | Euro area | EU-Staaten | EU countries |
| Extent: | Online-Ressource (115 p) |
|---|---|
| Series: | IMF Staff Country Report ; 14/199 IMF Staff Country Reports ; v.Country Report No. 14/199 |
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | Description based upon print version of record Cover; CONTENTS; YOUTH UNEMPLOYMENT IN EUROPE: OKUN'S LAW AND BEYOND; A. Context; B. Stylized Facts; C. Determinants; D. The Business Cycle; BOXES; 1. SMEs. The Role of Financing Constraints and Youth Unemployment; E. Labor Market Features; F. Conclusions and Policy Recommendations; 2. A Historical Perspective on Growth and Youth Unemployment; REFERENCES; ANNEXES; 1. Data Definitions; 2. Methodology; INVESTMENT IN THE EURO AREA: WHY HAS IT BEEN WEAK?; A. Investment in the Euro Area: Post-crisis Trends; B. Drivers of Investment: Output Changes versus Other Factors; C. Conclusions; REFERENCES APPENDICES1. Data; 2. Results of the Accelerator Model; 3. Results of the Neoclassical Model; 4. Results of the Bond Market Model; CAPITAL MARKET DEVELOPMENT: SME FINANCING IN THE EURO AREA; A. Background; B. Rationale for Securitization of SME Loans; BOXES; 1. Overview of the European Securitization Market; FIGURE; 1. Securitization in Europe; C. Impediments to SME Securitization Markets; 2. Regulatory Hurdles; D. Relative Performance; E. Lessons from Previous SME Support Programs; F. Recent Efforts; G. Suggested Measures to Facilitate the Development of SME Securitization; H. Conclusion REFERENCESANNEXES; 1. Public Sector Support for SME Securitization; 2. Definining High-quality Securitization (HQS); 3. Selected Official Sector Support for Securitization in Europe; 4. Selected Official Sector Support for SME Finance in Europe; EXTERNAL REBALANCING IN THE EURO AREA: DEVELOPMENTS AND POLICIES; A. Introduction; B. Financing Needs and the Current Account; FIGURES; 1. Regional Composition of the Euro Area Current Account; 2. The Sectoral Composition of the Euro Area Current Account; 3. The Sectoral Composition of the Current Account in Creditor Economies 4. The Sectoral Composition of the Current Account in Debtor Economies5. The Sectoral Composition of the Current Account in Other Debtor Economies; 6. The Composition of Net Capital Inflows by Euro Area Economy Group; 7. The Composition of Net Foreign Assets by Euro Area Economy Group; C. Model-based Saving and Investment Imbalances in the Euro Area; 8. Model-Implied Investment and Saving Residuals and the EBA Assessment of Current Account Imblances; BOX; 1. A Model-based Analysis of National Saving and Investment Behavior; D. Good and Bad Ways to Achieve External Rebalancing E. Concluding RemarksTABLES; 1. Net Foreign Assets and Current Accounts in the Euro Area Economies; 2. Average Real Return Difference between Foreign Assets and Liabilities, Euro Area Economies 1999-2012; 3. Regression Results for Investment Model; 4. Regression Results for Saving Model; 5. A Desired Rebalancing Scenario; 6. A "Bad" Rebalancing Scenario; A1. Data Sources and Estimation Sample for the Saving and Investment Regressions; REFERENCES; FISCAL GOVERNANCE IN THE EURO AREA: PROGRESS AND CHALLENGES; A. The Setting: Public Debt on an Upward Trend; TABLE 1. The Decomposition of Debt Changes in the Euro Area 2008-13 |
| ISBN: | 978-1-4983-0800-7 ; 978-1-4983-5607-7 ; 978-1-4983-0800-7 |
| Source: | ECONIS - Online Catalogue of the ZBW |
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