Narrow search
Showing 1 - 10 of 1,494
Cover Image
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 … deficit and high debt euro area countries, and has forced governments to assume additional risk …
Persistent link: https://www.econbiz.de/10014403688
Cover Image
Euro Area Policies: 2012 Article IV Consultation : Selected Issues Paper
International Monetary Fund - 2012
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 … characterizes the downward spirals at play in periphery euro area countries and describes the process of financial de …
Persistent link: https://www.econbiz.de/10014395314
Cover Image
Inflation Differentials in the EU : A Common ( Factors ) Approach with Implications for EU8 Euro Adoption Prospects
International Monetary Fund - 2008
This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …
Persistent link: https://www.econbiz.de/10014401399
Cover Image
The SDR Interest Rate Basket : Proposed Change of the Representative Interest Rate for the Euro and Amendment to Rule T-1(C)
International Monetary Fund - 2014
The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of … representative interest rate instrument of the euro area in the SDR interest rate basket since 2006. However, faced with a … secondary market yield curve covering euro area government bonds rated either investment grade or AA and above. In staff's view …
Persistent link: https://www.econbiz.de/10014410559
Cover Image
State-Contingent Debt Instruments for Sovereigns : Annexes
International Monetary Fund - 2017
Persistent link: https://www.econbiz.de/10014408682
Cover Image
State-Contingent Debt Instruments for Sovereigns
International Monetary Fund - 2017
Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool has been around for some time and remains appealing; but take-up has been limited. Earlier staff work had advocated the use of growth-indexed bonds in emerging markets and...
Persistent link: https://www.econbiz.de/10014408735
Cover Image
Collective Action Clauses in Sovereign Bond Contracts : Encouraging Greater Use
International Monetary Fund - 2002
Persistent link: https://www.econbiz.de/10014409835
Cover Image
From Banking to Sovereign Stress : Implications For Public Debt
International Monetary Fund - 2014
This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal...
Persistent link: https://www.econbiz.de/10014410683
Cover Image
Issues in Restructuring of Sovereign Domestic Debt
International Monetary Fund - 2021
As emerging and developing economies accumulate more domestic sovereign debt, it is likely to play a larger role in the resolution of future sovereign debt crises. This paper analyzes when and how to restructure sovereign domestic debt in unsustainable debt cases while minimizing economic and...
Persistent link: https://www.econbiz.de/10014410865
Cover Image
The Fund's Lending Framework and Sovereign Debt-Further Considerations
International Monetary Fund - 2015
In discussing the June 2014 paper, Executive Directors broadly supported staff's proposal to introduce more flexibility into the Fund's exceptional access framework to reduce unnecessary costs for the member, its creditors, and the overall system. Directors' views varied on staff's proposal to...
Persistent link: https://www.econbiz.de/10014408593