IMF Staff Country Reports

Euro Area Policies: 2012 Article IV Consultation: Selected Issues Paper

July 18, 2012

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Euro Area Policies: 2012 Article IV Consultation: Selected Issues Paper, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various stages of the banking and sovereign crisis since the Summer of 2011. It also characterizes the downward spirals at play in periphery euro area countries and describes the process of financial de-integration within the euro area.

Subject: Banking, Bond yields, Bonds, Credit default swap, Financial institutions, Financial services, Public debt, Sovereign bonds, Yield curve

Keywords: Asia and Pacific, Bank, Bond yields, Bonds, CR, ECB bond holding, ECB debt purchase, ECB debt swap, ECB intervention, ECB seniority, Euro, Europe, Global, Government bond, ISCR, Market, SGP rule, Sovereign bonds, Western Europe, Yield, Yield curve

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/182

  • Stock No:

    1EUREA2012002

  • ISBN:

    9781475505788

  • ISSN:

    1934-7685