Europe

Regional Economic Outlook, November 2007, Europe: Strengthening Financial Systems

November 15, 2007

Download PDF

Preview Citation

Format: Chicago

Regional Economic Outlook, November 2007, Europe: Strengthening Financial Systems, (USA: International Monetary Fund, 2007) accessed November 24, 2024

Also available in: français, русский

Summary

Strong fundamentals should allow Europe to weather financial turbulence relatively well. Nonetheless, growth is set to ease in 2008 in nearly all countries. Policymakers will need to deal up front with the financial market turmoil, while implementing fiscal consolidation and structural reforms, including in the financial sector, to address vulnerabilities, raise medium-term growth prospects, and deliver on the promise of convergence for emerging Europe. Three analytical chapters discuss reforms to strengthen Europe's financial systems to allow advanced economies to benefit from innovation without incurring excessive risk and, in emerging economies, to manage rapid financial deepening and develop financial systems further.

Subject: Banking, Credit, Financial institutions, Financial markets, Financial sector development, Government securities, Money, Securities markets, Stock markets

Keywords: Baltics, Credit, Economy, Emerging economies in Europe need, Europe, Europe's financial systems, Financial sector development, Financial system, Global, Government securities, Market, Market liquidity, Market participant, REO, Resilience of financial systems, Resilience of the financial system, Securities markets, Securitization product, Stock markets, Subprime mortgage

Publication Details

  • Pages:

    73

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    November 2007

  • Stock No:

    REOEUREA2007001

  • ISBN:

    9781589066748

  • ISSN:

    2071-4157

Notes

Also available in French and Russian.