Book Cover
E-book

Title Euro area policies : 2011 Article IV consultation : staff report, public information notice on the Executive Board discussion, and statement by the Executive Director for member countries / prepared by the European Dept
Published Washington, D.C. : International Monetary Fund, ©2011

Copies

Description 1 online resource (49 pages)
Series IMF country report ; no. 11/184
IMF country report ; no. 11/184.
Contents Cover; Contents; I. Steadying the Recovery; A. Expansion in the Offing but Not Everywhere; Boxes; 1. A Two-Speed Recovery in the Euro Area; B. Restoring Fiscal Health; C. Inflation and Monetary Policy; 2. Euro Area Inflation Projections; II. Risks and Spillovers: Focus on Sovereign Tensions; III. Strengthening the Financial Sector; 3. Bank Deleveraging in the Euro Area; IV. Securing Economic and Monetary Union; A. Financial Sector Reforms and Macroprudential Policies; B. Advancing Policy Coordination in the Euro Area; 4. Governance Reform: Are We There Yet?; C. Growing Out of Crisis
V. Staff AppraisalFigures; 1. Current Crisis Compared to Past Episodes; 2. Intra Euro Area Imbalances; 3. Deficit and Debt Developments, 2007-10; 4. Inflation, Labor Costs, Unemployment and Output Gap; 5. Monetary Policy; 6. Monetary Policy Stress; 7. Sovereign and Banking Sector Risk Spillovers; 8. Banking Sector Health, 2000-10; 9. EU 27: National Budgetary Frameworks and Fiscal Outcome; Tables; 1. Euro Area: Main Economic Indicators, 2005-12; 2. Balance of Payments; Appendix: I. Statistical Issues
Summary In this study, the risks related to the euro area sovereign debt crisis are analyzed. Methods used to implement the European Financial Stability Facility (EFSF) are overviewed, and the European Stability Mechanism (ESM), the European Systemic Risk Board (ESRB), and the European Supervisory Authority (ESA) are the important framework for financial reforms and macroprudential policies. In this paper, the improvement over the fiscal and structural governance stability and growth pact (SGP) and excessive deficit procedure (SDP) is discussed. Finally, the findings of spillover analysis are outlined
Notes "July 2011."
Online resource; title from PDF title page (IMF Web site, viewed October 27, 2011)
Subject International Monetary Fund -- European Union countries
Economic and Monetary Union.
SUBJECT Economic and Monetary Union fast
International Monetary Fund fast
Subject Economic indicators -- European Union countries
Economic history
Economic indicators
Economic policy
SUBJECT European Union countries -- Economic conditions
European Union countries -- Economic policy
European Economic Community countries -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85045812
European Economic Community countries -- Economic policy. http://id.loc.gov/authorities/subjects/sh89006824
Subject European Union countries
Form Electronic book
Author International Monetary Fund. European Department.
ISBN 9781463900816
1463900813
Other Titles Euro area policies, 2011 Article IV consultation