The mechanics of a strong Euro Area : IMF policy analysis /

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2015.
Description:	1 online resource (xviii, 287 pages) : color illustrations
Language:	English
Subject:	Economic and Monetary Union. Economic and Monetary Union. Financial crises -- European Union countries. Monetary policy -- European Union countries. Currency question -- European Economic Community countries. Fiscal policy -- European Union countries. Structural adjustment (Economic policy) -- European Union countries. Currency question. Financial crises. Fiscal policy. Monetary policy. Structural adjustment (Economic policy) European Economic Community countries. European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12505564

Hidden Bibliographic Details
Other authors / contributors:	Koeva, Petya, editor. Pradhan, Mahmood, 1957- editor. International Monetary Fund.
ISBN:	9781513566764 1513566768 9781498305532 1498305539 9781513572246 1513572245 9781513579436
Notes:	Includes bibliographical references and index. Print version record.
Summary:	The euro area has experienced an unprecedented economic downturn and exceptional financial market turmoil in the past few years. Policymakers have faced the twin challenges of addressing cyclical economic weakness-not unlike other industrial countries following the global economic crisis-and the underlying weaknesses in the architecture of the currency union, weaknesses that appear to have been masked during the first relatively calm years of Economic and Monetary Union (EMU). Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-time policy advice given to euro area policymakers during four cycles of the IMF's annual Article IV consultations (2012-15) with euro area authorities. This book focuses on the analytical underpinnings of real-time policy advice given to policymakers over four cycles of the annual Article IV consultations.
Other form:	Print version: Mechanics of a strong Euro Area. [Washington, D.C.]: International Monetary Fund, ©2015 9781498305532

Table of Contents:

Investment in the Euro Area: why has it been weak? / Bergljot Barkbu [and others]
Indebtedness and deleveraging in the Euro Area / Fabian Bornhorst and Marta Ruiz-Arranz
Rebalancing: where do we stand and where to go? / Thierry Tressel and Shengzu Wang
Fragmentation, and monetary transmission mechanism, and monetary policy in the Euro Area / Ali Al-Eyd and S. Pelin Berkmen
Possible subordination effects of Eurosystem bond purchases / Nico Valckx, Kenichi Ueda, and Manmohan Singh
An early assessment of quantitative easing / S. Pelin Berkmen and Andreas (Andy) Jobst
Fiscal consolidation under the stability and growth pact: some illustrative simulations / Derek Anderson [and others]
Fiscal governance in the Euro Area: progress and challenges / Luc Eyraud and Tao Wu
A banking union for the Euro Area / Rishi Goyal [and others]
Toward a fiscal union for the Euro Area / IMF staff team led by` Ćeline Allard
Capital market development: financing of small and medium-sized enterprises in the Euro Area / Ali Al-Eyd [and others]
Youth unemployment in Europe: Okun's Law and beyond / Angana Banerji [and others].

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