The financial crisis and the European Union / Klaus G. Efenhoff, editor.

Format:

Book

Contributor:

Efenhoff, Klaus G.

Series:

Global economic studies series.

Global economic studies series

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Financial crises--European Union countries.

Financial crises.

Recessions--European Union countries.

Recessions.

Physical Description:

1 online resource (129 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, 2009.

Language Note:

English

Summary:

The European Union (EU) is a treaty-based, institutional framework that defines and manages economic and political co-operation among its 27 member states. The global financial crisis has hit the EU hard. The economic forecasts painted a bleak picture of close to zero growth and risks of contraction for the EU economy in 2009.

Contents:

Intro

THE FINANCIAL CRISISAND THE EUROPEAN UNION

THE FINANCIAL CRISIS AND THE EUROPEAN UNION

CONTENTS

PREFACE

AEUROPEAN ECONOMIC RECOVERY PLAN*

THE TIME TO ACT IS NOW

1. INTRODUCTION

A EUROPEAN ECONOMIC RECOVERY PLAN

2. SUPPORTING THE REAL ECONOMYAND BOOSTING CONFIDENCE

2.1. Monetary and Credit Conditions

2.2. Budgetary Policy

2.3. Actions in the Four Priority Areas of the Lisbon Strategy

3.WORKING TOWARDS GLOBAL SOLUTIONS

Keeping World Trade Moving

Tackling Climate change

Supporting Developing Countries

4. CONCLUSIONS

REFERENCES

THE EUROPEAN UNION:QUESTIONS AND ANSWERS*

ABSTRACT

WHAT IS THE EU?

HOW DOES THE EUWORK?

HOW IS THE EU GOVERNED?

WHY AND HOW IS THE EU ENLARGING?

WHAT WAS THE EU CONSTITUTIONAND WHY A NEW REFORM TREATY?

DOES THE EU HAVE A FOREIGN POLICY?

DOES THE EU HAVE A DEFENSE POLICY?

WHAT IS THE RELATIONSHIP BETWEENNATO AND THE EU?

DOES THE EU HAVE A TRADE POLICY?

HOW ARE U.S.-EU TRADE RELATIONS DOING?

HOW DO EUROPEAN COUNTRIES VIEW THE EU?

THE FINANCIAL CRISIS: IMPACT ON ANDRESPONSE BY THE EUROPEAN UNION*

OVERVIEW

Financial Architecture

Economic Performance

PHASE I: BUILD-UP

PHASE II: LIQUIDITY ISSUES

Central Bank Operations

Interest Rates

Currency Swap Facilities

Depositor Guarantees

PHASE III: SOLVENCY AND DELEVERAGING

The "European Framework for Action"

"Bad Banks"

PHASE IV: FISCAL INTERVENTION

EUROPEAN ECONOMIC RECOVERY PLAN

Germany

France

United Kingdom

OUTLOOK

APPENDIX A. OVERVIEW OF THE EUROPEAN UNION

Investment Services Directive

Financial Services Action Plan

Markets in Financial Instruments Directive

Capital Requirements Directive

Lamfalussy Process

REFERENCES.

THE GLOBAL FINANCIAL CRISIS:THE ROLE OF THE INTERNATIONALMONETARY FUND (IMF)*

WHITHER THE IMF?

IMMEDIATE CRISIS MANAGEMENT

REFORMING GLOBAL MACROECONOMIC SURVEILLANCE

ICELAND'S FINANCIAL CRISIS*

BACKGROUND

RECENT ECONOMIC ACTIVITY

BANKING COLLAPSE

CONCLUSIONS

INDEX.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-61324-073-2

OCLC:

709892724