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Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

Author/Editor: Giancarlo Corsetti, Keith Kuester, André Meier, Gernot J Mueller.

Release Date: November, 2013

Price: $18.00

Sovereign risk premia in several euro area countries have risen markedly since 2008, driving up credit spreads in the private sector as well. We propose a New Keynesian model of a two-region monetary more...



Toward A Fiscal Union for the Euro Area

Author/Editor: Céline Allard, Petya Koeva Brooks, John C Bluedorn, Fabian Bornhorst, Franziska L Ohnsorge, Katharine M Christopherson Puh.

Release Date: September, 2013

Price: $10.00

This is on a highly topical issue and addresses a key policy issue for Europe—namely, reinforcing EMU institutional architecture along with the Banking Union. Some proposals have emerged more...



Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery

Author/Editor: Manuela Goretti, Marcos Souto.

Release Date: June, 2013

Price: $18.00

High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of more...



External Imbalances in the Euro Area

Author/Editor: Ruo Chen, Gian-Maria Milesi-Ferretti, Thierry Tressel.

Release Date: September, 2012

Price: $18.00

The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional more...



Euro Area Policies : Staff Report for the 2012 Article IV Consultation with Member Countries

Release Date: July, 2012

Price: $18.00

The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from member states most in need, moving capital “north” and abroad to perceived more...



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

Release Date: July, 2012

Price: $18.00

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 more...



Republic of Poland: Selected Issues

Release Date: July, 2012

Price: $18.00

Paths to Eurobonds

Author/Editor: Stijn Claessens, Ashoka Mody, Shahin Vallée.

Release Date: July, 2012

Price: $18.00

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the more...



Fostering Growth in Europe Now

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

Release Date: June, 2012

Price: $10.00

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...



Government Bonds and Their Investors: What Are the Facts and Do They Matter?

Author/Editor: Jochen R. Andritzky.

Release Date: June, 2012

Price: $18.00

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad more...



Regional Economic Outlook, April 2012, Asia and Pacific : Managing Spillovers and Advancing Economic Rebalancing

Release Date: April, 2012

Price: $35.00

Barring the realization of downside risks to the global economy, growth in the Asia and the Pacific region is expected to gain momentum over the course of 2012, according to this report, and now more...



Structural Reforms and Regional Convergence

Author/Editor: Antonio Spilimbergo, Natasha Xingyuan Che.

Release Date: April, 2012

Price: $18.00

Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional more...



Determinants of Inflation in the Euro Area: The Role of Labor and Product Market Institutions

Author/Editor: Florence Jaumotte, Hanan Morsy.

Release Date: January, 2012

Price: $18.00

While inflation differentials in a monetary union can be benign, reflecting a catch-up process, or an adjustment mechanism to asymmetric shocks or different business cycles, they may also indicate more...



Euro Area Policies : Spillover Report for the 2011 Article IV Consultation and Selected Issues

Release Date: July, 2011

Price: $18.00

The euro area (EA) plays a major role in the global economy. Market perceptions of events in the EA program countries illustrate the possibility of large spillovers from the area in times of stress. more...



Euro Area Policies : 2011 Article IV ConsultationLessons from the European Financial Stability Framework Exercise; and Selected Issues Paper

Release Date: July, 2011

Price: $18.00

The European Union’s (EU) financial stability framework is being markedly strengthened. This is taking place on the heels of a severe financial crisis owing to weaknesses in the banking system more...



Euro Area Policies : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries

Release Date: July, 2011

Price: $18.00

In this study, the risks related to the euro area sovereign debt crisis are analyzed. Methods used to implement the European Financial Stability Facility (EFSF) are overviewed, and the European more...



Euro Area Policies : Selected Issues

Release Date: July, 2007

Price: $18.00

This Selected Issues paper on Euro Area Policies reviews the integration of Europe’s financial markets and the challenges faced by the new European Union member states with respect to euro more...



Euro Area Policies

Release Date: August, 2004

Price: $15.00

The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial more...



Euro Area Policies : Selected Issues

Release Date: August, 2004

Price: $15.00

This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver more...



Euro Area Policies

Release Date: September, 2003

Price: $15.00

The continuing weakness of activity in the euro area reflects an amalgam of cyclical and long-term forces that are likely to shape the outlook and to challenge policies. Financial conditions in the more...