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Decision. Nonetheless, there is still margin for further enhancing IMF surveillance of the EU and the euro area. This report by … the Task Force on IMF Issues of the International Relations Committee of the European System of Central Banks was prepared … with the aim of contributing to the preparation of and debate on the 2014 IMF Triennial Surveillance Review. …
Persistent link: https://www.econbiz.de/10011606310
provides a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …
Persistent link: https://www.econbiz.de/10011606329
a pragmatic manner. The IMF can play an important role in helping countries to deal with capital flows, through its …
Persistent link: https://www.econbiz.de/10011606332
have enough fiscal resources to provide rescue packages, and an increasing number of member-states must apply for IMF …
Persistent link: https://www.econbiz.de/10011430830
current IMF programme characteristics; and a shock scenario analysis. Overall, while the results of the different approaches … political judgement. Therefore, this report does not provide recommendations on the appropriate level of IMF resources after the …
Persistent link: https://www.econbiz.de/10011972276
Policy frameworks of the IMF, the World Bank, and the EU are discussed in order to come up with criteria of … instruments for adjustment, such as the IMF. It also lacks an appropriate model for investment support, though not necessarily the …
Persistent link: https://www.econbiz.de/10012100111
percent of GDP. The resulting debt burden is no longer sustainable and even a record USD 57 billion aid package by the IMF …
Persistent link: https://www.econbiz.de/10012119294
(IMF) issued $650 billion in Special Drawing Rights (SDRs). The G7 and G20 have committed to re-channelling SDR 100 billion …. There are different interpretations of these requirements. The IMF has encouraged the use of the Poverty Reduction and … restrictive stance. Does the re-channelling of SDRs through the above-mentioned IMF trusts ('the current on-lending option …
Persistent link: https://www.econbiz.de/10014528304
The European Central Bank (ECB) increased the emergency liquidity assistance (ELA) for Greek banks from €50 billion in February 2015 to approximately €90 billion in June 2015. Its actions were accompanied by a discussion among academics, politicians and practitioners regarding the legitimacy...
Persistent link: https://www.econbiz.de/10011331374
This paper discusses why Greece has done so poorly in comparison with all other European Union countries since the … onslaught of the global financial crisis in 2008. To show what was wrong with its fiscal adjustment, this paper compares Greece …, notably Nobel Prize winner and New York Times columnist Paul Krugman, who claimed that Greece suffered from austerity. Because …
Persistent link: https://www.econbiz.de/10011430931