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Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 186
Language:
English
Publication Date:
19 Jul 2011
DOI:
https://doi.org/10.5089/9781462338542.002
ISBN:
9781462338542
ISSN:
1934-7685
Pages:
145
Keywords:
ISCR; CR; state; TFP growth; EU country; CDS Premia; EU institution; policy toolkit; Total factor productivity; Systemic risk; Macroprudential policy; Financial sector stability; Europe; Global; Western Europe
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The European Union’s (EU) financial stability framework is being markedly strengthened. This is taking place on the heels of a severe financial crisis owing to weaknesses in the banking system interrelated with sovereign difficulties in the euro area periphery. Important progress has been made in designing an institutional framework to secure microeconomic and macroprudential supervision at the EU level, but this new set-up faces a number of challenges. Developments regarding the financial stability may assist in the continuing evolution of the European financial stability architecture.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund