Euro Area Policies: Selected Issues
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Summary:
This Selected Issues paper analyzes euro area policies and discusses the implications of the 2007–08 financial sector turbulence for real economic activity. It examines the linkages between the financial and real sectors in the euro area. The paper discusses the European Central Bank’s (ECB) monetary analysis and the role of monetary aggregates in central banking, surveying the ongoing theoretical and empirical debate. The paper also describes the introduction of a “European Mandate” for financial sector authorities in the European Union (EU), a proposal that is under consideration by EU member states.
Series:
Country Report No. 2008/263
Subject:
Bank credit Banking Collateral Credit Demand for money Economic sectors Financial regulation and supervision Financial sector Money
English
Publication Date:
August 4, 2008
ISBN/ISSN:
9781451879896/1934-7685
Stock No:
1EUREA2008002
Pages:
79
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