This paper focuses on financial interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth; analyzes potential channels of contagion through financial linkages; and...

This is the tenth chapter of a forthcoming monograph entitled, On Implementing Full- Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say. It describes the experiences of a number of countries with the introduction and implementation of inflation targeting regimes. It...