Hidden Bibliographic Details
| Varying Form of Title: | Title from p. 2 of pdf: Euro Area policies, staff report for the 2013 Article IV consultation with member countries
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| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 155775568X
9781557755681
9781484372623
148437262X
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| Notes: | Title from PDF title page (IMF Web site, viewed July 29, 2013).
"July 2013."
"July 11, 2013"--Page 2 of pdf.
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| Summary: | This staff paper on euro area policy 2013 Article IV Consultation discusses economic development and policies. Severe market stresses have subsided, although private borrowing costs have remained too high in the periphery. In these economies, sovereign borrowing costs have declined from unsustainable levels. This has led to slightly lower private borrowing costs, spurring bond issuance among some banks, and firms. Capital flight has gradually eased, bank deposits have stabilized, and Target 2 imbalances have narrowed. This has contributed to some early repayment of official liquidity support by stronger banks, though largely from core countries. Still, periphery bank risks are significantly higher than in the core.
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| Standard no.: | 10.5089/9781557755681.002
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