Euro Area Policies : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

August 4, 2008

Electronic Access:

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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. 08/263

Subject:

English

Publication Date:

August 4, 2008

ISBN/ISSN:

9781451879896/1934-7685

Stock No:

1EUREA2008002

Format:

Paper

Pages:

79

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