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The IMF’s role in the euro-area crisis- financial sector aspects

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  • Nicolas Véron

Abstract

Highlights The International Monetary Fund (IMF) played a ground-breaking role in understanding the financial-sector dynamics of the euro-area crisis. It was the first public authority, and one of the first more generally, to acknowledge the role of the bank-sovereign vicious circle as the central driver of contagion in the euro area. It was the first public authority to articulate a clear vision of banking union as an essential policy response,...

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  • Nicolas Véron, 2016. "The IMF’s role in the euro-area crisis- financial sector aspects," Policy Contributions 16213, Bruegel.
    • Handle: RePEc:bre:polcon:16213
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    References listed on IDEAS

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    1. International Monetary Fund, 2009. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2009/224, International Monetary Fund.
    2. International Monetary Fund, 2016. "Portugal: Selected Issues," IMF Staff Country Reports 2016/301, International Monetary Fund.
    3. International Monetary Fund, 2016. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2016/220, International Monetary Fund.
    4. International Monetary Fund, 2016. "Seychelles: Third Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report," IMF Staff Country Reports 2016/015, International Monetary Fund.
    5. International Monetary Fund, 2012. "Portugal: Fourth Review Under the Extended Arrangement and Request for a Waiver of Applicability of End-June Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and St," IMF Staff Country Reports 2012/179, International Monetary Fund.
    6. International Monetary Fund, 2016. "Cyprus: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Waiver of Applicability of Performance Criteria-Press Release; Staff Report; and Statement by the E," IMF Staff Country Reports 2016/026, International Monetary Fund.
    7. International Monetary Fund, 2009. "Spain: Selected Issues," IMF Staff Country Reports 2009/129, International Monetary Fund.
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    Cited by:

    1. Roel Beetsma & George Kopits, 2020. "Designing a Permanent EU-Wide Stabilization Facility," CESifo Working Paper Series 8735, CESifo.

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