Add to ORKGAbstract: The past few months have exposed serious problems in relation to Europe’s ability to cope with financial stress. Placing the new Financial Stability funds on a permanent basis, in the form of a new European Monetary Fund will be required if Europe is to deal effectively with the serious debt problems of some Eurozone countries. However, this fund should exist to manage sovereign defaults in an orderly manner, not to prevent them altogether. Bank supervisors also need to publish regular stress tests, change their regulations on the risk weighting of sovereign debt and put new resolution procedures in place. Together, these reforms will allow Europe to deal with future sovereign debt problems without provoking a crisis
This policy brief discusses the reasons behind the sovereign debt crisis and the policies that will ...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
The key challenge for the fiscal reform of the eurozone is not better fiscal policy coordination or ...
The past few months have exposed serious problems in relation to Europe’s ability to cope with fina...
The debt crisis and the escalation of Greece’s fiscal problems in 2010 forced European leaders to se...
Financial stability inside the European Monetary Union (EMU) is a trendy topic in most developed cou...
The debt sustainability is a challenging problem to some Eurozone countries, being a reflection of a...
When the Greek crisis exploded in the spring of 2010 the eurozone countries collected funds to refin...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
Two of the banking union’s pillars – common European supervision by the European Central Bank and co...
Although the debate on financial stability in Europe focuses at what level action should be taken (c...
A messy, disorderly and globally extremely serious economically disruptive disintegration of the eur...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This column takes stock of what we have learned from the Eurozone crisis and the policy responses. I...
At the start of the EMU, concerns about fiscal and monetary stability dominated the academic debate....
This policy brief discusses the reasons behind the sovereign debt crisis and the policies that will ...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
The key challenge for the fiscal reform of the eurozone is not better fiscal policy coordination or ...
The past few months have exposed serious problems in relation to Europe’s ability to cope with fina...
The debt crisis and the escalation of Greece’s fiscal problems in 2010 forced European leaders to se...
Financial stability inside the European Monetary Union (EMU) is a trendy topic in most developed cou...
The debt sustainability is a challenging problem to some Eurozone countries, being a reflection of a...
When the Greek crisis exploded in the spring of 2010 the eurozone countries collected funds to refin...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
Two of the banking union’s pillars – common European supervision by the European Central Bank and co...
Although the debate on financial stability in Europe focuses at what level action should be taken (c...
A messy, disorderly and globally extremely serious economically disruptive disintegration of the eur...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This column takes stock of what we have learned from the Eurozone crisis and the policy responses. I...
At the start of the EMU, concerns about fiscal and monetary stability dominated the academic debate....
This policy brief discusses the reasons behind the sovereign debt crisis and the policies that will ...
When entering a monetary union, member countries change the nature of their sovereign debt in a fund...
The key challenge for the fiscal reform of the eurozone is not better fiscal policy coordination or ...