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As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial...
Persistent link: https://www.econbiz.de/10014408645
This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are falling well short of consolidation requirements, and the area remains insufficiently prepared for the looming demographic shock. Past fiscal policy failures, notably...
Persistent link: https://www.econbiz.de/10014405842
. Financial sector reform in the EU is proceeding at a rapid pace, and poses challenges and opportunities for the EU …
Persistent link: https://www.econbiz.de/10014403552
This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various...
Persistent link: https://www.econbiz.de/10014395314
The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from member states most in need, moving capital “north” and abroad to perceived safer assets. Executive Directors have noted that the euro area continues to face a number of...
Persistent link: https://www.econbiz.de/10014395494
financial sector authorities in the European Union (EU), a proposal that is under consideration by EU member states …
Persistent link: https://www.econbiz.de/10014402543
The continuing weakness of activity in the euro area reflects an amalgam of cyclical and long-term forces that are likely to shape the outlook and to challenge policies. Financial conditions in the area have improved along with those in global markets, though financial fragilities may be...
Persistent link: https://www.econbiz.de/10014406180
The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial conditions. The final domestic demand growth remains subdued, and the area lags global growth by a large...
Persistent link: https://www.econbiz.de/10014406476
financial crisis, the need for special resolution regimes for financial institutions in the European Union (EU), and the … proposed new EU financial stability arrangements. The paper analyzes the European Central Bank’s response to the global … institutions in EU countries is also outlined …
Persistent link: https://www.econbiz.de/10014406671
reform experiences and analyzes regulatory and supervisory frameworks in the European Union (EU), and assessments carried out …
Persistent link: https://www.econbiz.de/10014404360