UID:
edoccha_9958071317002883
Format:
1 online resource (60 p.)
ISBN:
1-4639-0014-7
,
1-4639-0106-2
,
1-283-56033-X
,
9786613872784
,
1-4639-0111-9
Series Statement:
IMF Staff Country Reports
Content:
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. The prospect of large spillovers underscores the urgent need for actions to contain, and eventually overcome, the ongoing crisis. The planned fiscal consolidation in the EA could benefit the rest of the world. Spillovers from gradual monetary policy normalization appear manageable. Execution of the structural reform agenda will carry positive spillovers.
Note:
Description based upon print version of record.
,
Cover; Contents; I. Background; II. Views From Outside on Euro Area Spillovers; III. Mapping Euro Area Spillovers; A. Growth Spillovers; B. Financial Sector Spillovers; IV. Policy Issues; A. Spillovers from Intensification of EA Financial Market Stress; B. Spillovers from Monetary and Fiscal Policies; C. Structural Policy Spillovers; V. Conclusions; Box 1. Euro Area Spillovers to LICs; Contents; I. Euro Area Output Spillovers; II. Contribution of the Euro Area to Common Risk in Global Financial Markets
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III. Market Assessment of Spillovers from the Euro Area Based on Conditional Distress ProbabilitiesIV. Cross-border Deleveraging Spillovers of the EA Sovereign Debt Crisis; V. Euro Area Spillovers: Global Projection Model Analysis; VI. Spillovers from the Euro Area's Monetary Policy and Liquidity Operations; VII. Euro Area Fiscal Consolidation: Model Simulation Results; VIII. Spillovers from Higher Bank Capital Requirements in the Euro Area; IX. Spillovers from Structural Reforms; X. Spillovers from a Reduction in Tariff Protection in the Euro Area
,
English
Additional Edition:
ISBN 1-4623-3954-9
Language:
English
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