Staff Report On The Monetary And Exchange Rate Policies Of The Euro Area Supplement Updating Information On Recent Economic Developments And Policies In The Euro Area Supplement On Eu Trade Policies Public Information Notice Following Consultation Two Statements By Representative On The Imf Executive Board For France On Behalf Of Euro Area And Eu Members

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 56 pages
File Size : 49,8 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 : Great Britain. Her Majesty's Stationery Office
Publisher : Unknown
Page : 320 pages
File Size : 40,6 Mb
Release : 2001
Category : International agencies
ISBN : OSU:32435070319264

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HMSO Agency Catalogue by Great Britain. Her Majesty's Stationery Office Pdf

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 : 53,5 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 : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 44 pages
File Size : 41,8 Mb
Release : 2018-07-19
Category : Business & Economics
ISBN : 9781484369487

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Euro Area Policies by International Monetary Fund. Monetary and Capital Markets Department Pdf

The flexibility shown by the ECB/Eurosystem in adapting its framework, as required by circumstances, has helped improve funding and liquidity conditions. Compared to the situation pre-crisis, the ECB/Eurosystem has provided liquidity against a broader range of collateral and for as long as four years in terms of maturity; extended liquidity in foreign currency; conducted outright purchases of public and private sector assets (now tapering off); and reduced interest rates into negative territory. In these arrangements, policy is directed from the center, but is implemented mostly by the National Central Banks (NCBs); risks are largely shared. Market participants are complimentary about the role the ECB/Eurosystem has played in backstopping the financial system and its forward guidance on monetary policy.

Author : International Monetary,International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 62 pages
File Size : 55,6 Mb
Release : 2021-05-25
Category : Business & Economics
ISBN : 9781513573007

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Republic of Slovenia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Slovenia by International Monetary,International Monetary Fund. European Dept. Pdf

The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have helped preserve jobs, provide liquidity to companies and income support to the vulnerable groups. They averted a larger decline in output and kept unemployment under control. After contracting by 5.5 percent in 2020, real GDP is projected to grow by 3.9 percent in 2021 and 4.5 percent in 2022, as vaccinations help achieve herd immunity. However, risks to the outlook are large and tilted to the downside, given the epidemiological situation.

Author : Europa Publications
Publisher : Psychology Press
Page : 816 pages
File Size : 40,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 1857431367

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Central and South-Eastern Europe 2003 by Europa Publications Pdf

An in-depth survey of the region presenting the latest economic and political developments. It includes expert comment on issues of regional importance, up-to-date statistics, a directory of institutes and companies and political profiles.

Author : Mr. Alvar Kangur,Niki Kalavrezou,Mr. Daehaeng Kim
Publisher : International Monetary Fund
Page : 26 pages
File Size : 46,8 Mb
Release : 2021-07-16
Category : Business & Economics
ISBN : 9781513588841

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Reforming the Greek Pension System by Mr. Alvar Kangur,Niki Kalavrezou,Mr. Daehaeng Kim Pdf

The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.

Author : Rishi Goyal,Ms.Petya Koeva Brooks,Mahmood Pradhan,Mr.Thierry Tressel,Mr.Giovanni Dell'Ariccia,Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 31 pages
File Size : 48,6 Mb
Release : 2013-02-12
Category : Business & Economics
ISBN : 9781475569827

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A Banking Union for the Euro Area by Rishi Goyal,Ms.Petya Koeva Brooks,Mahmood Pradhan,Mr.Thierry Tressel,Mr.Giovanni Dell'Ariccia,Ceyla Pazarbasioglu Pdf

The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund. Statistics Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Finance Dept.,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 23 pages
File Size : 42,9 Mb
Release : 2009-08-28
Category : Business & Economics
ISBN : 9781498335638

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Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund. Statistics Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Finance Dept.,International Monetary Fund. Monetary and Capital Markets Department Pdf

Against the backdrop of the global financial crisis, the IMF has decided to implement a US$250 billion general allocation of special drawing rights (SDRs). In addition, the Fourth Amendment of the Fund’s Articles of Agreement has recently become effective, and will make available to SDR Department participants a special allocation of up to an additional SDR 21.5 billion (US$33 billion). Nearly US$115 billion of these combined allocations will go to emerging market and developing countries, including about US$20 billion to low-income countries (LICs), thereby providing an important boost to the reserves of countries with the greatest needs.

Author : Paul Blustein
Publisher : McGill-Queen's Press - MQUP
Page : 504 pages
File Size : 50,7 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 : Office for Budget Responsibility
Publisher : The Stationery Office
Page : 164 pages
File Size : 49,5 Mb
Release : 2010-11-29
Category : Business & Economics
ISBN : 0101797923

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Economic and fiscal outlook by Office for Budget Responsibility Pdf

The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2015-16. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives and presents preliminary observations on the long-run sustainability of the public finances. Since the June forecast, the UK economy has recovered more strongly than initially expected. The GDP growth was greater than expected in both the 2nd and 3rd quarters, but that unemployment levels have risen to levels that the June forecast did not anticipate until the middle of 2012. In general the world economy has also grown more strongly. CPI inflation has remained slightly higher than expected in June, whilst public finances have performed as forecast. The interest rates on UK debt are lower than in June. The OBR forecasts that the economy will continue to recover from the recession, but at a slower pace than the recoveries of the 1970s, 1980s and 1990s. The publication is divided into 5 chapters with two annexes.

Author : Michael Emerson
Publisher : Unknown
Page : 356 pages
File Size : 47,9 Mb
Release : 1992
Category : Business & Economics
ISBN : 0198773242

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One Market, One Money by Michael Emerson Pdf

The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

Author : Hanspeter K. Scheller,European Central Bank
Publisher : Unknown
Page : 229 pages
File Size : 49,6 Mb
Release : 2006
Category : Banks and banking, Central
ISBN : 928990027X

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The European Central Bank by Hanspeter K. Scheller,European Central Bank Pdf

Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 51,6 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

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Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Author : Vitor Gaspar,Philipp Hartmann,Olaf Sleijpen
Publisher : Unknown
Page : 334 pages
File Size : 53,9 Mb
Release : 2003-01-01
Category : Banks and banking
ISBN : 9291813486

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The Transformation of the European Financial System by Vitor Gaspar,Philipp Hartmann,Olaf Sleijpen Pdf