European Parliament Library

Euro Area Policies :, Spillover Report for the 2011 Article IV Consultation and Selected Issues

The euro area (EA) plays a major role in the global economy. Market perceptions of events in the EA program countries illustrate the possibility of large spillovers from the area in times of stress. The prospect of large spillovers underscores the urgent need for actions to contain, and eventually overcome, the ongoing crisis. The planned fiscal consolidation in the EA could benefit the rest of the world. Spillovers from gradual monetary policy normalization appear manageable. Execution of the structural reform agenda will carry positive spillovers
Table Of Contents
Cover; Contents; I. Background; II. Views From Outside on Euro Area Spillovers; III. Mapping Euro Area Spillovers; A. Growth Spillovers; B. Financial Sector Spillovers; IV. Policy Issues; A. Spillovers from Intensification of EA Financial Market Stress; B. Spillovers from Monetary and Fiscal Policies; C. Structural Policy Spillovers; V. Conclusions; Box 1. Euro Area Spillovers to LICs; Contents; I. Euro Area Output Spillovers; II. Contribution of the Euro Area to Common Risk in Global Financial Markets
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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