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Financial Stability in European Economic and Monetary Union

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Author Info
Prati, A.
Schinasi, G.J.

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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.

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Publisher Info
Paper provided by International Economics Section, Departement of Economics Princeton University, in its series Princeton Studies in International Economics with number 86.

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Length: 116 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:prinfi:86

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Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A
Phone: (609) 258-4000
Fax: (609) 258-6419
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Web page: http://www.econ.princeton.edu/
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Related research
Keywords: MONETARY UNION EUROPE FISCAL POLICY

Find related papers by JEL classification:
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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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  1. Ralf Zeppernick, 1999. "Effects of the euro on trade, capital markets and the international monetary system," Intereconomics: Review of European Economic Policy, Springer, vol. 34(6), pages 279-285, November. [Downloadable!] (restricted)
  2. William C. Gruben & Mark A. Wynne & Carlos E.J.M. Zarazaga, 2001. "Dollarization and monetary unions: implementation guidelines," Center for Latin America Working Papers 0201, Federal Reserve Bank of Dallas. [Downloadable!]
  3. Garry J. Schinasi, 2003. "Responsibility of Central Banks for Stability in Financial Markets," IMF Working Papers 03/121, International Monetary Fund. [Downloadable!]
  4. Portes, Richard, 2001. "The European Contribution to International Financial Stability," CEPR Discussion Papers 2956, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  5. Lars Jonung, 2002. "EMU and the Euro - The First Ten Years. Challenges to the sustainability and price stability of the euro area - what does history tell us?," EUI-RSCAS Working Papers 46, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS). [Downloadable!]
  6. Robert A. Eisenbeis, 2004. "Agency problems and goal conflicts," Working Paper 2004-24, Federal Reserve Bank of Atlanta. [Downloadable!]
  7. von Furstenberg, George M., 2004. "Consumption Smoothing Across States and Time : International Insurance vs. Foreign Loans," Discussion Paper Series 1: Economic Studies 2004,13, Deutsche Bundesbank, Research Centre. [Downloadable!]
  8. Philipp Paulus, 2006. "Brüssel, Frankfurt oder Basel - Wo muss das Problem steigender Staatsschulden in der Europäischen Währungsunion gelöst werden?," Otto-Wolff-Institut Discussion Paper Series 01/2006, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland. [Downloadable!]
  9. Yorulmazer, Tanju, 2003. "Herd Behavior, Bank Runs and Information Disclosure," MPRA Paper 9513, University Library of Munich, Germany. [Downloadable!]
  10. Giorgio Di Giorgio & Carmine Di Noia, 2001. "Financial Regulation and Supervision in the Euro Area: A Four-Peak Proposal," Center for Financial Institutions Working Papers 01-02, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
  11. Jan Kakes & Garry J. Schinasi & Aerdt G. F. J. Houben, 2004. "Toward a Framework for Safeguarding Financial Stability," IMF Working Papers 04/101, International Monetary Fund. [Downloadable!]
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