Staff Report On The Monetary And Exchange Rate Policies Of The Euro Area And The Trade Policies Of The European Union Staff Supplement Public Information Notice On The Executive Board Discussion And Statement By The Executive Director On Monetary And Exchange Rate Policies Of The Euro Area

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 48 pages
File Size : 44,9 Mb
Release : 2002-10-29
Category : Business & Economics
ISBN : 9781451812930

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area and the Trade Policies of the European Union; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area by International Monetary Fund Pdf

This paper examines the monetary and exchange rate policies of the euro area and the trade policies of the European Union. The paper highlights that the overall economic performance of the euro area has been disappointing: growth has been weaker and inflation higher than generally expected. To a large extent, this is the result of a series of unanticipated shocks—oil prices and animal diseases earlier, and the global slowdown and the associated financial market turmoil more recently. However, the performance also appears to reflect a greater-than-anticipated vulnerability to shocks.

Author : Fondo Monetario Internacional
Publisher : Unknown
Page : 0 pages
File Size : 50,9 Mb
Release : 2002
Category : Electronic
ISBN : OCLC:906220139

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area and the Trade Policies of the European Union; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area by Fondo Monetario Internacional Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 63 pages
File Size : 47,9 Mb
Release : 2001-11-06
Category : Business & Economics
ISBN : 9781451812978

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Economic and Financial Developments in the Euro Area; Public Information Notice following Consultation; Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area. by International Monetary Fund Pdf

A series of adverse supply and demand shocks have brought the euro area’s three-year expansion to a virtual standstill. Buoyant labor markets, which have been the hallmark of the recovery since 1997, have succumbed only gradually to the slowing of output growth. The slowdown has been pervasive throughout the area, albeit unevenly and with different cyclical implications. Recent travails notwithstanding, the second half of the 1990s saw a significant improvement in the macroeconomic performance of the euro area.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 63 pages
File Size : 42,7 Mb
Release : 2008-08-04
Category : Business & Economics
ISBN : 9781451813081

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Euro Area Policies by International Monetary Fund Pdf

This 2008 Article IV Consultation on euro area policies highlights that 10 years after its launch, monetary union is a distinct success and the euro area a zone of stability in the international economy. However, economic union remains work in progress. Improved wage setting and labor market reforms have contributed to the creation of some 16 million jobs over the past decade. Similarly, the single market program and product market reforms have raised productivity in affected sectors. The outlook for financial stability is highly uncertain, although the area’s financial system remains sound.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 56 pages
File Size : 51,5 Mb
Release : 2000-11-09
Category : Business & Economics
ISBN : 9781451812961

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Euro Area by International Monetary Fund Pdf

For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization and industrial production, strong job creation, and—so far—employment-friendly wage settlements point to sustained activity in the near term. Moreover, the macroeconomic fundamentals in the euro area appear much sounder than in previous recoveries.

Author : International Monetary Fund
Publisher : Unknown
Page : 128 pages
File Size : 46,9 Mb
Release : 2004
Category : International finance
ISBN : IND:30000122799616

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Publications Catalog by International Monetary Fund Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 68 pages
File Size : 54,7 Mb
Release : 2009-09-14
Category : Business & Economics
ISBN : 9781451841091

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South Africa by International Monetary Fund Pdf

The major risk factors faced by the Isle of Man (IOM), which have been given prominence by the global financial crisis, relate to large exposures toward parent banks. The recent global financial markets turmoil has had a significant impact on the Manx financial system. The paper also presents a detailed assessment of IOM’s Observance of the Basel Core Principles for Effective Banking Supervision Report. The Financial Supervision Commission has adequate power to ensure compliance with its regulations and other orders, and it uses power when the occasion demands.

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.,International Monetary Fund. Finance Dept.,International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 71 pages
File Size : 43,6 Mb
Release : 2018-03-16
Category : Business & Economics
ISBN : 9781498307284

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Program Design in Currency Unions by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.,International Monetary Fund. Finance Dept.,International Monetary Fund. European Dept. Pdf

"Despite a long history of program engagement, the Fund has not developed guidance on program design in members of currency unions. The Fund has engaged with members of the four currency unions—the Central African Economic and Monetary Community, the Eastern Caribbean Currency Union, the European Monetary Union, and the West African Economic and Monetary Union—under Fund-supported programs. In some cases, union-wide institutions supported their members in undertaking adjustment under Fund-supported programs. As such, several programs incorporated—on an ad hoc basis—critical policy actions that union members had delegated. Providing general guidance on program design for members in a currency union context would fill a gap in Fund policy and help ensure consistent, transparent, and evenhanded treatment across Fund-supported programs. This paper considers two options on when and how the Fund should seek policy assurances from union-level institutions in programs of currency union members. Option 1 would involve amending the Conditionality Guidelines, which would allow the use of standard conditionality tools with respect to actions by union-level institutions. Option 2—which staff prefers—proposes formalizing current practices and providing general guidance regarding principles and modalities on policy assurances from union-level institutions in support of members’ adjustment programs. Neither option would infringe upon the independence (or legally-provided autonomy) of union-level institutions, since the institutions would decide what measures or policy actions to take—just as any independent central bank or monetary authority does, for example, in non-CU members."

Author : Paul Blustein
Publisher : McGill-Queen's Press - MQUP
Page : 504 pages
File Size : 45,9 Mb
Release : 2016-10-17
Category : Political Science
ISBN : 9781928096269

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Laid Low by Paul Blustein Pdf

The latest book by journalist and author Paul Blustein to go behind the scenes at the highest levels of global economic policy making, Laid Low chronicles the International Monetary Fund’s role in the euro-zone crisis. Based on interviews with a wide range of participants and scrutiny of thousands of documents, the book tells how the IMF joined in bailouts that all too often piled debt atop debt and imposed excessively harsh conditions on crisis-stricken countries. As the author shows, IMF officials had grave misgivings about a number of these rescues, but went along at the insistence of powerful European policy makers — to the detriment of the Fund’s credibility, with disheartening implications for the management of future crises. The narrative ends with a tale of the clash between Greece’s radical Syriza government and the country’s creditor institutions that reached a dramatic climax in the summer of 2015.

Author : Mr.Olivier J. Blanchard,Mr.Eugenio Cerutti,Lawrence Summers
Publisher : International Monetary Fund
Page : 29 pages
File Size : 42,8 Mb
Release : 2015-11-06
Category : Business & Economics
ISBN : 9781513555836

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Inflation and Activity – Two Explorations and their Monetary Policy Implications by Mr.Olivier J. Blanchard,Mr.Eugenio Cerutti,Lawrence Summers Pdf

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then. We draw implications of our findings for monetary policy.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 50,7 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

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The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author : Liber Amicorum,European Central Bank
Publisher : Unknown
Page : 414 pages
File Size : 52,8 Mb
Release : 2005
Category : Banking law
ISBN : 9291817015

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Legal Aspects of the European System of Central Banks by Liber Amicorum,European Central Bank Pdf

"The book contains a collection of articles on the European Union and the European System of Central Banks (ESCB), the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial law. The authors are current or former members of the Legal Committee of the ESCB (LEGCO). This book commemorates ten years of work by the Working Group of Legal Experts of the European Monetary Institute and by the LEGCO. It is dedicated to Mr Paolo Zamboni Garavelli, former Head of the Legal Department at the Banca d'Italia and member of LEGCO, who died in 2004."--Editor.

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 51,9 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

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Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
Page : 84 pages
File Size : 45,8 Mb
Release : 2009-09-24
Category : Business & Economics
ISBN : 1589068793

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International Monetary Fund Annual Report 2009 by International Monetary Fund Pdf

The IMF's 2009 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2009, which covers the period from May 1, 2008, through April 30, 2009. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2009.

Author : Norman K. Humphreys
Publisher : International Monetary Fund
Page : 392 pages
File Size : 52,8 Mb
Release : 2000-06-28
Category : Business & Economics
ISBN : 9781475507249

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Historical Dictionary of the IMF by Norman K. Humphreys Pdf

IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.