Description |
1 online resource (49 pages) |
Series |
IMF country report ; no. 11/184 |
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IMF country report ; no. 11/184.
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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 |
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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." |
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Online resource; title from PDF title page (IMF Web site, viewed October 27, 2011) |
Subject |
International Monetary Fund -- European Union countries
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Economic and Monetary Union.
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SUBJECT |
Economic and Monetary Union fast |
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International Monetary Fund fast |
Subject |
Economic indicators -- European Union countries
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Economic history
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Economic indicators
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Economic policy
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SUBJECT |
European Union countries -- Economic conditions
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European Union countries -- Economic policy
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European Economic Community countries -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85045812
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European Economic Community countries -- Economic policy.
http://id.loc.gov/authorities/subjects/sh89006824
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Subject |
European Union countries
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Form |
Electronic book
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Author |
International Monetary Fund. European Department.
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ISBN |
9781463900816 |
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1463900813 |
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