Euro Area Policies : Staff Report for the 2012 Article IV Consultation with Member Countries.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/181

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--European Union countries.

Monetary policy.

Fiscal policy--European Union countries.

Fiscal policy.

European Union countries--Commercial policy.

European Union countries.

European Union countries--Economic conditions.

European Union countries--Economic policy.

Physical Description:

1 online resource (54 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from member states most in need, moving capital “north” and abroad to perceived safer assets. Executive Directors have noted that the euro area continues to face a number of economic challenges amid increasing financial stresses and market fragmentation. Directors have also stressed that it is important that policymakers continue to demonstrate shared and unequivocal commitment—with a clear, credible roadmap—to a deeper integration of the euro area.

Contents:

""Cover""; ""CONTENTS""; ""KEY ISSUES""; ""A DEEPENING CRISIS""; ""WEAK OUTLOOK WITH SUBSTANTIAL RISKS""; ""THE IMPLICATIONS FOR POLICY""; ""A. The Case for Completing EMU""; ""B. Restoring Strong and Balanced Growth""; ""THE AUTHORITIES� VIEWS""; ""STAFF APPRAISAL""; ""TABLES""; ""1. Euro Area: Main Economic Indicators, 2007-2014""; ""2. Euro Area: Balance of Payments""; ""3. IMF Policy Recommendations for Selected Countries""; ""FIGURES""; ""1. Short-term Activity Indicators""; ""2. Euro Area Inflation Developments""; ""3a. Fiscal Outlook in the Euro Area: 2012 April WEO""

""3b. Fiscal Consolidation in the Euro Area: Challenges""""4. LTROs: Effects on the ECB Balance Sheets and Bank Funding""; ""BOXES""; ""1. European Summit Policy Initiatives: Right Steps on the Roadmap""; ""2. The Case for a Banking Union""; ""3. The Case for a Fiscal Union""; ""4. The Impaired Monetary Transmission in the Euro Area""; ""5. Further Use of Long-Term Refinancing Operations (LTROs)?""; ""APPENDIX I: STATISTICAL ISSUES""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475546460

1475546467

9781475561548

1475561547

OCLC:

801418582