Euro Area Policies

Euro Area Policies

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2015-07-27

Total Pages: 112

ISBN-13: 1513523082

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This Selected Issues paper discusses the risks of low growth and inflation over the medium term for the euro area. It examines the consequences of longer term trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates, in a downside scenario, how low potential growth and crisis legacies leave the euro area vulnerable to the risks of stagnation. The weak medium-term prospect and limited policy space leave the euro area vulnerable to shocks that could lead to a prolonged period of low growth and inflation. Model simulations suggest that a modest shock to investor confidence could push up risk premia and real interest rates, as policy space is constrained at the zero lower bound and fiscal policy space to provide stimulus is limited. Moreover, the lingering crisis legacies of high debt and unemployment could amplify the original shocks, creating a bad feedback loop and keeping the economy stuck in equilibrium of stagnation.


Book Synopsis Euro Area Policies by : International Monetary Fund. European Dept.

Download or read book Euro Area Policies written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-07-27 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper discusses the risks of low growth and inflation over the medium term for the euro area. It examines the consequences of longer term trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates, in a downside scenario, how low potential growth and crisis legacies leave the euro area vulnerable to the risks of stagnation. The weak medium-term prospect and limited policy space leave the euro area vulnerable to shocks that could lead to a prolonged period of low growth and inflation. Model simulations suggest that a modest shock to investor confidence could push up risk premia and real interest rates, as policy space is constrained at the zero lower bound and fiscal policy space to provide stimulus is limited. Moreover, the lingering crisis legacies of high debt and unemployment could amplify the original shocks, creating a bad feedback loop and keeping the economy stuck in equilibrium of stagnation.

Euro Area Policies

Euro Area Policies

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2023-07-19

Total Pages: 18

ISBN-13:

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Euro Area Policies: Selected Issues


Book Synopsis Euro Area Policies by : International Monetary Fund. European Dept.

Download or read book Euro Area Policies written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-07-19 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Euro Area Policies: Selected Issues

Euro Area Policies

Euro Area Policies

Author: International Monetary Fund

Publisher:

Published: 2015

Total Pages:

ISBN-13: 9781513546575

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Book Synopsis Euro Area Policies by : International Monetary Fund

Download or read book Euro Area Policies written by International Monetary Fund and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Banking Union for the Euro Area

A Banking Union for the Euro Area

Author: Rishi Goyal

Publisher: International Monetary Fund

Published: 2013-02-12

Total Pages: 31

ISBN-13: 1475569823

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The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.


Book Synopsis A Banking Union for the Euro Area by : Rishi Goyal

Download or read book A Banking Union for the Euro Area written by Rishi Goyal and published by International Monetary Fund. This book was released on 2013-02-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.

Euro Area Policies

Euro Area Policies

Author: International Monetary Fund. Monetary and Capital Markets Department

Publisher: International Monetary Fund

Published: 2018-07-19

Total Pages: 32

ISBN-13: 1484369319

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Regulation, supervision, and oversight of central counterparties (CCPs) and central securities depositories (CSDs) in the euro area is evolving. Recent proposed amendments to the European Market Infrastructure Regulation (EMIR) are expected to further alter the landscape, as is the European Central Bank (ECB) proposal to amend article 22 of the Statute of the European System of Central Banks (ESCB) and the ECB. The main objective of this note is to analyze the regulatory and supervisory structure applicable to CCPs and International CSDs (ICSDs) in the European Union (EU) and assess their suitability using international standards and good practices.


Book Synopsis Euro Area Policies by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Euro Area Policies written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2018-07-19 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation, supervision, and oversight of central counterparties (CCPs) and central securities depositories (CSDs) in the euro area is evolving. Recent proposed amendments to the European Market Infrastructure Regulation (EMIR) are expected to further alter the landscape, as is the European Central Bank (ECB) proposal to amend article 22 of the Statute of the European System of Central Banks (ESCB) and the ECB. The main objective of this note is to analyze the regulatory and supervisory structure applicable to CCPs and International CSDs (ICSDs) in the European Union (EU) and assess their suitability using international standards and good practices.

Euro Area Policies, ... Article IV Consultation

Euro Area Policies, ... Article IV Consultation

Author:

Publisher:

Published: 2007

Total Pages: 74

ISBN-13:

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Book Synopsis Euro Area Policies, ... Article IV Consultation by :

Download or read book Euro Area Policies, ... Article IV Consultation written by and published by . This book was released on 2007 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Euro Area Policies

Euro Area Policies

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2014-07-14

Total Pages: 52

ISBN-13: 1498342868

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This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made further progress repairing sovereign and bank balance sheets and implementing structure reforms to restore competitiveness. At the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over the medium term, there is a risk of stagnation, which could result from persistently depressed domestic demand owing to deleveraging, insufficient policy action, and stalled structural reforms.


Book Synopsis Euro Area Policies by : International Monetary Fund. European Dept.

Download or read book Euro Area Policies written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-07-14 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made further progress repairing sovereign and bank balance sheets and implementing structure reforms to restore competitiveness. At the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over the medium term, there is a risk of stagnation, which could result from persistently depressed domestic demand owing to deleveraging, insufficient policy action, and stalled structural reforms.

Better Policies Euro Area: Economic Challenges and Policy Recommendations

Better Policies Euro Area: Economic Challenges and Policy Recommendations

Author: OECD

Publisher: OECD Publishing

Published: 2014-02-14

Total Pages: 40

ISBN-13: 9264214275

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This book provides an overview of the key challenges currently faced in the Euro Area and OECD's main policy recommendations to address them.


Book Synopsis Better Policies Euro Area: Economic Challenges and Policy Recommendations by : OECD

Download or read book Better Policies Euro Area: Economic Challenges and Policy Recommendations written by OECD and published by OECD Publishing. This book was released on 2014-02-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the key challenges currently faced in the Euro Area and OECD's main policy recommendations to address them.

Euro Area Policies

Euro Area Policies

Author: International Monetary Fund. Monetary and Capital Markets Department

Publisher: International Monetary Fund

Published: 2018-07-19

Total Pages: 49

ISBN-13: 1484369661

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The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), and the establishment of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) provide a foundation to deal with problem banks. The authorities remain committed to completing the banking union through the establishment of a backstop for the Single Resolution Fund (SRF) and a European deposit insurance scheme (EDIS) and other measures, many of which are in line with recommendations in this report.


Book Synopsis Euro Area Policies by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Euro Area Policies written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2018-07-19 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), and the establishment of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) provide a foundation to deal with problem banks. The authorities remain committed to completing the banking union through the establishment of a backstop for the Single Resolution Fund (SRF) and a European deposit insurance scheme (EDIS) and other measures, many of which are in line with recommendations in this report.

Euro Area Policies, Selected Issues

Euro Area Policies, Selected Issues

Author:

Publisher:

Published: 2007

Total Pages: 68

ISBN-13:

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Book Synopsis Euro Area Policies, Selected Issues by :

Download or read book Euro Area Policies, Selected Issues written by and published by . This book was released on 2007 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: