Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper

July 19, 2011

Preview Citation

Format: Chicago

Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper, (USA: International Monetary Fund, 2011) accessed December 22, 2024

Summary

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.

Subject: Banking, Financial crises, Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Production, Systemic risk, Total factor productivity

Keywords: CDS Premia, CR, EU country, EU institution, Europe, Financial sector stability, Global, ISCR, Macroprudential policy, Policy toolkit, State, Systemic risk, TFP growth, Total factor productivity, Western Europe

Publication Details

Pages:

145
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/186
Stock No:

1EUREA2011003
ISBN:

9781462338542
ISSN:

1934-7685

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