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EMU and the international monetary system : proceedings of a conference held in Washington DC on March 17-18, 1997, cosponsored by the Fondation Camille Gutt and the IMF

Masson, Paul R. (ed.); Krueger, Thomas H. (contributor); … - International Monetary Fund - 1997

Persistent link: https://www.econbiz.de/10000630405

Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy

International Monetary Fund - 2005

Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...

Persistent link: https://www.econbiz.de/10014400699

Inflation Targeting and Output Growth : Empirical Evidence for the European Union

International Monetary Fund - 2005

This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...

Persistent link: https://www.econbiz.de/10014400852

Euro Area Policies : Selected Issues

International Monetary Fund - 2008

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

Euro Area Policies : Selected Issues

International Monetary Fund - 2010

. 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

Government Debt Issuance in the Euro Area : The Impact of the Financial Crisis

International Monetary Fund - 2011

This paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone countries and Denmark. Using a newly constructed database on primary market debt issuance during 2007-09, we find evidence of a shift away from pre-crisis standards of best funding...

Persistent link: https://www.econbiz.de/10014403688

Toward a Framework for Safeguarding Financial Stability

International Monetary Fund - 2004

This paper examines the emergence of financial stability as a key policy objective. It discusses the underlying trends in the financial system, as well as the role of finance in relation to money, the real economy, and public policy. Financial stability is defined in terms of its ability to help...

Persistent link: https://www.econbiz.de/10014404178

Euro Area Policies : Selected Issues

International Monetary Fund - 2006

reform experiences and analyzes regulatory and supervisory frameworks in the European Union (EU), and assessments carried out …

Persistent link: https://www.econbiz.de/10014404360

Euro Area Policies : Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies

International Monetary Fund - 2006

The euro area recovered from the economic doldrums. Executive Directors welcomed the recovery, supported by strong financial conditions, global growth, and improved financial positions. They encouraged the reformed Stability and Growth Pact over fiscal policies, and underscored the need for...

Persistent link: https://www.econbiz.de/10014404458

Euro Area Policies : Selected Issues

International Monetary Fund - 2004

. The increase in bilateral trade was accompanied by a large bilateral EU trade deficit. China’s market share seems to have … increased mainly at the expense of other East Asian countries. EU trade with China increased at more than twice the rate of … total EU external trade, and China became the EU’s second largest trading partner …

Persistent link: https://www.econbiz.de/10014404716