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Reforming the EU Fiscal Framework:Strengthening the Fiscal Rules and Institutions

Author/Editor: Nathaniel G Arnold, Ravi Balakrishnan, Bergljot B Barkbu, Hamid R Davoodi, Andresa Lagerborg, Waikei R Lam, Paulo A Medas, Julia Otten, Louise Rabier, Christiane Roehler, Asghar Shahmoradi, Mariano Spector, Sebastian Weber, Jeromin Zettelmeyer.

Release Date:September, 2022

The EU's fiscal framework needs reform. While existing fiscal rules have had some impact in constraining deficits, they did not prevent deficits and debt ratios that have threatened the stability of more...



Price: $20.00
A Central Fiscal Stabilization Capacity for the Euro Area

Author/Editor: Nathaniel G Arnold, Bergljot B Barkbu, H Elif Ture, Hou Wang, Jiaxiong Yao.

Release Date:March, 2018

This note outlines a concrete proposal for a euro area central fiscal capacity (CFC) that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic more...



Price: $0.00
Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Author/Editor: Jeffrey R Franks, Bergljot B Barkbu, Rodolphe Blavy, William Oman, Hanni Schoelermann.

Release Date:January, 2018

We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has more...



Price: $18.00
The Refugee Surge in Europe : Economic Challenges

Author/Editor: Shekhar Aiyar, Bergljot B Barkbu, Nicoletta Batini, Helge Berger, Enrica Detragiache, Allan Dizioli, Christian H Ebeke, Huidan Huidan Lin, Linda Kaltani, Sebastian Sosa, Antonio Spilimbergo, Petia Topalova.

Release Date:January, 2016

Against the background of political turmoil in the Middle-East, Europe faces an unprecedented surge in asylum applications. In analyzing the economic impact of this inflow, this paper draws from the more...



Price: $10.00
Building a Better Union : Incentivizing Structural Reforms in the Euro Area

Author/Editor: Angana Banerji, Bergljot Barkbu, James John, Tidiane Kinda, Sergejs Saksonovs, Hanni Schoelermann, Tao Wu.

Release Date:September, 2015

The momentum for structural reforms is waning in the euro area at a time when even faster progress is needed to boost productivity and growth, achieve real economic convergence, and improve the more...



Price: $18.00
Revitalizing Securitization for Small and Medium-Sized Enterprises in Europe

Author/Editor: Shekhar Aiyar, Ali J. Al-Eyd, Bergljot Barkbu, Andreas Jobst.

Release Date:May, 2015

Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became more...



Price: $10.00
Investment in the Euro Area : Why Has It Been Weak?

Author/Editor: Bergljot B Barkbu, Pelin Berkmen, Pavel Lukyantsau, Sergejs Saksonovs, Hanni Schoelermann.

Release Date:February, 2015

Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this more...



Price: $18.00
Fostering Growth in Europe Now

Author/Editor: Bergljot Barkbu, Jesmin Rahman, Rodrigo O. Valdes.

Release Date:June, 2012

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...



Price: $10.00
FX Swaps : Implications for Financial and Economic Stability

Author/Editor: Li L. Ong, Bergljot Barkbu.

Release Date:March, 2010

The proliferation of foreign exchange (FX) swaps as a source of funding and as a hedging tool has focused attention on the role of the FX swap market in the recent crisis. The turbulence in more...



Price: $18.00
The Debt Sustainability Framework for Low-Income Countries

Author/Editor: Bergljot Barkbu, Marie-Helene Le Manchec, Christian H. Beddies.

Release Date:February, 2009

Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited more...



Price: $33.00