Euro Area Policies: Selected Issues
July 30, 2009
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This Selected Issues paper discusses the effectiveness of monetary policy in the euro area in the context of the financial crisis, the need for special resolution regimes for financial institutions in the European Union (EU), and the proposed new EU financial stability arrangements. The paper analyzes the European Central Bank’s response to the global financial crisis and discusses ways forward. The case for establishing or improving resolution regimes for financial institutions in EU countries is also outlined.
Subject: Bank resolution framework, Central bank policy rate, Financial crises, Financial sector policy and analysis, Financial sector stability, Financial services, Special resolution regime, Yield curve
Keywords: Bank resolution framework, banking authorities, Central bank policy rate, CR, ECB President, EU Law, EU legislation, Financial sector stability, Global, ISCR, rate, regime, resolution regime, risk warning, Special resolution regime, Yield curve
Pages:
32
Volume:
2009
DOI:
Issue:
224
Series:
Country Report No. 2009/224
Stock No:
1EUREA2009002
ISBN:
9781451813104
ISSN:
1934-7685
