Regional Economic Outlook, November 2007, Europe: Strengthening Financial Systems
November 15, 2007
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Strong fundamentals should allow Europe to weather financial turbulence relatively well. Nonetheless, growth is set to ease in 2008 in nearly all countries. Policymakers will need to deal up front with the financial market turmoil, while implementing fiscal consolidation and structural reforms, including in the financial sector, to address vulnerabilities, raise medium-term growth prospects, and deliver on the promise of convergence for emerging Europe. Three analytical chapters discuss reforms to strengthen Europe's financial systems to allow advanced economies to benefit from innovation without incurring excessive risk and, in emerging economies, to manage rapid financial deepening and develop financial systems further.
Subject: Banking, Credit, Financial institutions, Financial markets, Financial sector development, Government securities, Money, Securities markets, Stock markets
Keywords: Baltics, Credit, economy, emerging economies in Europe need, Europe, Europe's financial systems, Financial sector development, financial system, Global, Government securities, market, market liquidity, market participant, REO, resilience of financial systems, resilience of the financial system, Securities markets, securitization product, Stock markets, subprime mortgage
Pages:
73
Volume:
2007
DOI:
Issue:
009
Series:
November 2007
Stock No:
REOEUREA2007001
ISBN:
9781589066748
ISSN:
2707-8086
