Euro Area Policies: Spillover Report for the 2011 Article IV Consultation and Selected Issues

July 19, 2011

Preview Citation

Format: Chicago

Euro Area Policies: Spillover Report for the 2011 Article IV Consultation and Selected Issues, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

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.

Subject: Banking, Capital adequacy requirements, Exports, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Fiscal consolidation, Fiscal policy, Foreign banks, International banking, International trade, Spillovers

Keywords: Asia and Pacific, Asset market, Bank, Capital adequacy requirements, Core EA, CR, EA authorities, EA bank, EA European, EA growth shock, EA program country, Exports, Fiscal consolidation, Foreign banks, Global, ISCR, Market, North Africa, Spillovers

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/185
Stock No:

1EUREA2011002
ISBN:

9781462339549
ISSN:

1934-7685

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