Euro Area Policies 2012 Article Iv Consultation

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 52 pages
File Size : 48,5 Mb
Release : 2012-07-18
Category : Business & Economics
ISBN : 9781475505771

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Euro Area Policies by International Monetary Fund Pdf

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.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 58 pages
File Size : 40,7 Mb
Release : 2012-07-18
Category : Business & Economics
ISBN : 9781475598940

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Euro Area Policies: 2012 Article IV Consultation by International Monetary Fund Pdf

This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various stages of the banking and sovereign crisis since the Summer of 2011. It also characterizes the downward spirals at play in periphery euro area countries and describes the process of financial de-integration within the euro area.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 65 pages
File Size : 53,8 Mb
Release : 2012-12-21
Category : Business & Economics
ISBN : 9781557755575

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France by International Monetary Fund. European Dept. Pdf

The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries, its recovery has been sluggish. France has become a less open economy and reported a steady loss of export market share relative to its European peers. The current challenge for France is to pursue fiscal policy consolidation that balances cyclical considerations with the need to preserve market confidence in French policies and in the euro area crisis resolution strategy.

Author : Anonim
Publisher : Unknown
Page : 74 pages
File Size : 52,9 Mb
Release : 2007
Category : Euro
ISBN : STANFORD:36105114089506

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Euro Area Policies, ... Article IV Consultation by Anonim Pdf

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 52 pages
File Size : 50,7 Mb
Release : 2014-07-14
Category : Business & Economics
ISBN : 9781498342865

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Euro Area Policies by International Monetary Fund. European Dept. Pdf

This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made further progress repairing sovereign and bank balance sheets and implementing structure reforms to restore competitiveness. At the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over the medium term, there is a risk of stagnation, which could result from persistently depressed domestic demand owing to deleveraging, insufficient policy action, and stalled structural reforms.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 65 pages
File Size : 55,8 Mb
Release : 2012-12-21
Category : Business & Economics
ISBN : 9781475542004

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France by International Monetary Fund. European Dept. Pdf

The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries, its recovery has been sluggish. France has become a less open economy and reported a steady loss of export market share relative to its European peers. The current challenge for France is to pursue fiscal policy consolidation that balances cyclical considerations with the need to preserve market confidence in French policies and in the euro area crisis resolution strategy.

Author : Ms.Petya Koeva Brooks,Mahmood Pradhan
Publisher : International Monetary Fund
Page : 286 pages
File Size : 40,7 Mb
Release : 2015-10-21
Category : Business & Economics
ISBN : 9781498305532

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The Mechanics of a Strong Euro Area by Ms.Petya Koeva Brooks,Mahmood Pradhan Pdf

Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-time policy advice given to euro area policymakers during four cycles of the IMF’s annual Article IV consultations (2012–15) with euro area authorities.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 66 pages
File Size : 45,5 Mb
Release : 2017-07-25
Category : Business & Economics
ISBN : 9781484312346

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Euro Area Policies by International Monetary Fund. European Dept. Pdf

This 2017 Article IV Consultation highlights that the cyclical recovery in the euro area is firming and becoming broad based. Lower energy prices, supportive policies, stronger labor markets and a recovery in credit growth have boosted domestic demand, especially private consumption. The near-term outlook is favorable, with growth of 1.9 percent expected in 2017 and 1.7 percent in 2018. Although headline inflation picked up in the first half of 2017 owing to higher energy prices, core inflation has remained persistently low. The improving near-term outlook is clouded by significant downside risks, especially in the medium and long term, amid thin policy buffers.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 65 pages
File Size : 44,5 Mb
Release : 2010-07-21
Category : Business & Economics
ISBN : 9781455205790

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Euro Area Policies by International Monetary Fund Pdf

The EU crisis was caused by unsustainable policies in some member countries, and has put the spotlight on the deficiency of area-wide mechanisms in disciplining fiscal and structural policies. Despite a strong and far-reaching policy response, market confidence will take time to restore. Fiscal sustainability needs to be established. Growth needs to be boosted through swift implementation of structural reforms. The resilience of the banking system must be improved and its stability assured. Progress in building the EU’s financial stability architecture should be pursued.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 66 pages
File Size : 53,9 Mb
Release : 2012-07-10
Category : Business & Economics
ISBN : 9781475506518

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Italy by International Monetary Fund Pdf

This 2012 Article IV Consultation focuses on Italy’s economy, which is expected to continue contracting through the year owing to tight financial conditions, global slowdown, and the needed fiscal consolidation. The government has embarked on wide-ranging structural reforms to boost productivity and potential growth. Executive Directors have commended the Italian authorities for launching an ambitious policy agenda to secure fiscal sustainability and promote growth. Directors have also acknowledged the important steps taken toward deregulating the service sector and making the labor market more flexible and inclusive.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 70 pages
File Size : 40,8 Mb
Release : 2016-07-08
Category : Business & Economics
ISBN : 9781498353298

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Euro Area Policies by International Monetary Fund. European Dept. Pdf

This 2016 Article IV Consultation highlights that the recovery in euro area has strengthened recently. Lower oil prices, a broadly neutral fiscal stance, and accommodative monetary policy are supporting domestic demand. However, inflation and inflation expectations remain very low, below the European Central Bank’s medium-term price stability objective. Euro area GDP growth is expected to decelerate from 1.6 percent in 2016 to 1.4 percent in 2017, mainly owing to the negative impact of the U.K. referendum outcome. Growth five years ahead is expected to be about 1.5 percent, with headline inflation reaching only 1.7 percent.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 69 pages
File Size : 52,8 Mb
Release : 2012-07-03
Category : Business & Economics
ISBN : 9781475504835

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Luxembourg by International Monetary Fund Pdf

This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to 1⁄2 percent in 2012. Executive Directors have welcomed the continued stability of Luxembourg’s economy despite the turbulence in the euro area. They have commended the authorities on measures taken to strengthen the financial sector and to implement recommendations from the Financial Stability Assessment Program update.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 59 pages
File Size : 51,6 Mb
Release : 2012-06-27
Category : Business & Economics
ISBN : 9781475506068

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Sweden by International Monetary Fund Pdf

Sweden’s recovery from the global crisis was swift reflecting its strong position at the onset of the crisis. The 2012 Article IV Consultation reports that the economic outlook remains clouded. Executive Directors have commended Sweden’s sustained strong macroeconomic performance, which has been underpinned by prudent policies and effective institutions. They have also welcomed efforts to strengthen the macroprudential framework and financial sector oversight through tighter capital and liquidity requirements, and have encouraged the authorities to further their cross-border collaboration with regional banking regulators.

Author : International Monetary Fund
Publisher : Unknown
Page : 36 pages
File Size : 53,5 Mb
Release : 2011-07-19
Category : Electronic
ISBN : 1462339549

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Euro Area Policies by International Monetary Fund Pdf

The euro area (EA) plays a major role in the global economy. Market perceptions of events in the EA program countries illustrate the possibility of large spillovers from the area in times of stress. The prospect of large spillovers underscores the urgent need for actions to contain, and eventually overcome, the ongoing crisis. The planned fiscal consolidation in the EA could benefit the rest of the world. Spillovers from gradual monetary policy normalization appear manageable. Execution of the structural reform agenda will carry positive spillovers.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 86 pages
File Size : 41,8 Mb
Release : 2012-07-27
Category : Business & Economics
ISBN : 9781475560237

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Spain by International Monetary Fund Pdf

The Spanish economy suffered an unprecedented double-dip recession with the rising unemployment and public debt situation. Spain also suffered a reversal of private external financing flows in 2011 and 2012. To counter this situation, major policy actions have been taken in the banking sector. The fiscal framework has been improved, and a scheme for clearing subnational arrears has been established. The Executive Board emphasized the need for sustained efforts and a medium-term strategy for structural reforms and financial sector restructuring.