Euro Area Policies : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/222

IMF Staff Country Reports

Language:

English

Subjects (All):

Bank management.

Banks and banking.

Economic development.

International finance.

Physical Description:

1 online resource (47 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

To reduce the negative effects of a bank-lending crunch on economic activity, adequate credit provision should be ensured. Further bank recapitalization, restructuring and consolidation of the banking sector, and regulatory reform decisions will reduce uncertainty. A long-lasting configuration of the euro-area’s fiscal architecture can be achieved by tightly coordinated reforms of national fiscal frameworks. Substantial benefits will emanate from deepening further structural reforms. Financial sector reform in the EU is proceeding at a rapid pace, and poses challenges and opportunities for the EU.

Contents:

Cover; Executive Summary; Contents; I. Euro Area: A Bank Credit Crunch?; A. Introduction; B. Is there a Bank Credit Crunch in the Euro Area?; C. What Could be the Impact of a Bank Lending Crunch on the Recovery?; D. Conclusion; Figures; 1. Credit in Relation to Output; 2. ECB Bank Lending Surveys (2003Q1-2010Q1); 3. Bank Lending Survey-The Effects of Capital Costs on Lending; 4. Bond Issuance Versus Bank Loans of Non-Financial Corporations; 5. Ratio of Large Over Total New Bank Loans to Non-Financial Corporations; 6. ECB SME Survey-Changes in the Availability of External Financing

7. GDP's Impulse Responses (VAR with 3 lags) to one Standard Deviation ShocksReferences; II. Gaps in the Euro Area Fiscal Framework: Options for a New Fiscal Contract; A. Introduction; B. Fiscal Restraints in EMU: Rationale and Remaining Gaps; C. A New Fiscal Contract: Filling the Gaps; D. Concluding Remarks; References; III. Narrowing The Gap Between An Optimal Curreny Area And Emu: Integrating The Labor Market; A. Structural Reform During The Lisbon Decade: Where Does Emu Stand?; B. The Political Economy of Structural Reform; C. Revisiting The Case For Structural Reform In Emu

D. Delivering Structural ReformsReferences; IV. Financial Sector Reform in the EU: The Current State of Play; A. Challenges and Opportunities; B. Macroprudential Supervision; C. Microprudential Supervision and Rule-Making; D. Crisis Management and Resolution; E. Regulatory Reform; References

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786612847677

9781462301003

1462301002

9781455283880

1455283886

9781282847675

1282847678

9781455205806

145520580X

OCLC:

870244899