Euro Area Policies: Selected Issues

International Monetary Fund

No 2010/222, IMF Staff Country Reports from International Monetary Fund

Abstract: To reduce the negative effects of a bank-lending crunch on economic activity, adequate credit provision should be ensured. Further bank recapitalization, restructuring and consolidation of the banking sector, and regulatory reform decisions will reduce uncertainty. A long-lasting configuration of the euro-area’s fiscal architecture can be achieved by tightly coordinated reforms of national fiscal frameworks. Substantial benefits will emanate from deepening further structural reforms. Financial sector reform in the EU is proceeding at a rapid pace, and poses challenges and opportunities for the EU.

Keywords: ISCR; CR; bank loan; bank; lending; GDP; european financial stability facility; member state; regime; single banking market; bank resolution regime; government solvency; bank lending crunch; reform labor market policy; Bank credit; Labor markets; Labor market reforms; Systemic risk; Europe; Global (search for similar items in EconPapers)
Pages: 45
Date: 2010-07-21
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