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Financial Stability in European Economic and Monetary Union

Author

Listed:
  • Prati, A.
  • Schinasi, G.J.

Abstract

The potential impact of the new institutional framework for EMU financial policymaking might have on the ability of European policymakers to ensure financial stability and manage financial crises within is the subject of this study. It focuses, in particular, on the allocation of lender-of-last-resort (LOLR) and banking-supervision responsabilities among the European Cnetral Bank (ECB) and the national central banks (NCBs), national supervisors, and national treasuries of the eleven member countries.

Suggested Citation

  • Prati, A. & Schinasi, G.J., 1999. "Financial Stability in European Economic and Monetary Union," Princeton Studies in International Economics 86, International Economics Section, Departement of Economics Princeton University,.
  • Handle: RePEc:fth:prinfi:86
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    More about this item

    Keywords

    MONETARY UNION ; EUROPE ; FISCAL POLICY;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F30 - International Economics - - International Finance - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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