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Euro Area Policies Selected Issues Paper

This Selected Issues paper on Euro Area Policies 2013 Article IV Consultation highlights the monetary transmission mechanism and monetary policies. The European Central Bank has announced the Outright Monetary Transactions framework to address severe distortions in sovereign bond markets and safegua...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Credit
Public Administration
Banks
Finance
Banks And Banking
Industries: Financial Services
Financial Statements
Exports And Imports
Mortgages
Collateral
Money
Private Debt
International Trade
Financial Risk Management
Capital And Ownership Structure
Accounting
Goodwill
Public Sector Accounting And Audits
Macroeconomics
Public Financial Management (pfm)
Banking
Financial Reporting, Financial Statements
Financial Risk And Risk Management
Financing Policy
Depository Institutions
Monetary Economics
Financial Institutions
Value Of Firms
Micro Finance Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Debt
Trade: General
International Economics
Export Performance
Loans
Exports
Finance, Public; Accounting
Money And Monetary Policy
Italy
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper on Euro Area Policies 2013 Article IV Consultation highlights the monetary transmission mechanism and monetary policies. The European Central Bank has announced the Outright Monetary Transactions framework to address severe distortions in sovereign bond markets and safeguard monetary transmission. The cost of unsecured bond issuance remains elevated for both core and periphery banks, but there is a growing divergence between the two, driven mainly by rising periphery spreads. Weak growth and high levels of private balance sheet debt in the periphery are weighing on the health of bank balance sheets
Physical Description:72 pages
ISBN:9781484347850

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