Euro Area Policies: 2012 Article IV Consultation: Selected Issues Paper
July 18, 2012
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This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various stages of the banking and sovereign crisis since the Summer of 2011. It also characterizes the downward spirals at play in periphery euro area countries and describes the process of financial de-integration within the euro area.
Subject: Banking, Bond yields, Bonds, Credit default swap, Financial institutions, Financial services, Public debt, Sovereign bonds, Yield curve
Keywords: Asia and Pacific, bank, Bond yields, Bonds, CR, ECB bond holding, ECB debt purchase, ECB debt swap, ECB intervention, ECB seniority, euro, Europe, Global, government bond, ISCR, market, SGP rule, Sovereign bonds, Western Europe, yield, Yield curve
Pages:
58
Volume:
2012
DOI:
Issue:
182
Series:
Country Report No. 2012/182
Stock No:
1EUREA2012002
ISBN:
9781475505788
ISSN:
1934-7685
