Monetary and Exchange Rate Policies of the Euro Area--The Euro Area Stability Programs
Author: International Monetary Fund
Publisher:
Published: 2000-05-11
Total Pages: 32
ISBN-13: 9781280894855
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Monetary and Exchange Rate Policies of the Euro Area
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Published: 2000-05-11
Total Pages: 30
ISBN-13: 9781451812916
DOWNLOAD EBOOK →This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.
Monetary and Exchange Rate Policies of the Euro Area
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Published: 2000-04-03
Total Pages: 47
ISBN-13: 9781451812862
DOWNLOAD EBOOK →The economic conditions in the euro area have brightened. Executive Directors commended the policy stance of the European Central Bank. They noted that the exchange rate developments of the euro failed to strengthen the euro area economy, and stressed the need for fiscal discipline, structural reforms, and wage moderation at the national level to maintain price stability in the medium term. They emphasized the need for deeper integration of European Union financial markets, development of risk capital, and improvement of the quality and sustainability of public finances.
Euro Area
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2000-11-09
Total Pages: 56
ISBN-13: 1451812965
DOWNLOAD EBOOK →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.
Monetary and Exchange Rate Policies of the Euro Area
Author: Marco Annunziata
Publisher:
Published: 2000
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOK →Monetary and Exchange Rate Policies of the Euro Area
Monetary and Exchange Rate Policies of the Euro Area
Monetary and Exchange Rate Policies of the Euro Area
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2002-10-29
Total Pages: 120
ISBN-13: 1451812981
DOWNLOAD EBOOK →This paper examines monetary and exchange rate policies of the euro area. The paper reviews the European Central Bank’s definition of price stability, and examines the factors determining “the optimal rate of inflation” in the euro area. It reviews the benefits of price stability, including the reduction in the distortions of savings and investment behavior that stem from the interaction between nominal tax systems and inflation. It then goes on to evaluate arguments for maintaining a small positive inflation rate in the context of the euro area.
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.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2001-11-06
Total Pages: 63
ISBN-13: 1451812973
DOWNLOAD EBOOK →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.
Euro Area Policies
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Published: 2018-07-19
Total Pages: 86
ISBN-13: 1484369270
DOWNLOAD EBOOK →Overall the resilience of large euro area banks has improved, but important vulnerabilities remain. Capital buffers are in aggregate sizeable relative to immediate threats, but some banks are especially vulnerable to credit risk and others to market risks, including a substantial rise in risk premia. The banking system as a whole has ample liquidity, against a backdrop of ECB support. At a structural level, low profitability is found in many banks across all business models, despite improving conjunctural conditions. The interconnectedness analysis shows that strong buffers are effective in dampening both vulnerabilities and onward transmission. Risks to financial stability relate mainly to tighter financial conditions, weaker growth, and policy and geopolitical uncertainties. The withdrawal of the United Kingdom from the EU (Brexit) could potentially disrupt financial market and services, and thus the wider economy. Also, policy reversals could hurt debt sustainability and test the cohesion of policy making in the union.
The Euro and Economic Stability
Author: Ewald Nowotny
Publisher: Edward Elgar Publishing
Published: 2010-01-01
Total Pages: 265
ISBN-13: 1849805695
DOWNLOAD EBOOK →The Euro and Economic Stability assesses the euro area's merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis, while banking representatives discuss post-crisis business models of banks in the area. Last but not least, a theoretical introductory chapter fills the gap between mainstream macroeconomic modelling and real-world decision-making. The prime audience for this invaluable book will be economists and other experts in the fields of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes. The book is also aimed at readers with a particular interest in the contributions' special regional focus: Central, Eastern and South-Eastern Europe.
