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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
Effective Fund surveillance over the members of currency unions entails discussions at the regional level. This requirement derives from the fact that currency union members have devolved responsibility for policy areas that are central to Fund surveillance, notably monetary and exchange rate...
Persistent link: https://www.econbiz.de/10014409950
This paper is intended to accompany 'The Fund's Role and Mandate-An Overview' (the 'Mandate Overview Paper'). Taking into account the issues raised in the Mandate Overview Paper and, in particular, the potential areas for reform that it identifies, this paper provides a brief analysis of both...
Persistent link: https://www.econbiz.de/10014410431
The report on the Netherlands on the Observance of Standards and Codes discusses the fiscal transparency module and the …, clearly defined and, in many areas, the Netherlands sets best practice standards. The basic principles of the trend …
Persistent link: https://www.econbiz.de/10014405762
This 2002 Article IV Consultation highlights that the real GDP of the Netherlands is projected to rise by 1 percent in …
Persistent link: https://www.econbiz.de/10014407354
These Technical Notes on France explain integration of global financial markets. The stress tests for the France … constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in … France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models …
Persistent link: https://www.econbiz.de/10014405967
For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization...
Persistent link: https://www.econbiz.de/10014401965
This cross-country paper explains differences in external sector performance among four large euro area countries—France …, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly …
Persistent link: https://www.econbiz.de/10014407076
Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain) …
Persistent link: https://www.econbiz.de/10014407227
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699