Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper
July 19, 2011
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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 interrelated with sovereign difficulties in the euro area periphery. Important progress has been made in designing an institutional framework to secure microeconomic and macroprudential supervision at the EU level, but this new set-up faces a number of challenges. Developments regarding the financial stability may assist in the continuing evolution of the European financial stability architecture.
Subject: Banking, Financial crises, Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Production, Systemic risk, Total factor productivity
Keywords: CDS Premia, CR, EU country, EU institution, Europe, Financial sector stability, Global, ISCR, Macroprudential policy, policy toolkit, state, Systemic risk, TFP growth, Total factor productivity, Western Europe
Pages:
145
Volume:
2011
DOI:
Issue:
186
Series:
Country Report No. 2011/186
Stock No:
1EUREA2011003
ISBN:
9781462338542
ISSN:
1934-7685
