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Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper

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  • International Monetary Fund

Abstract

The European Union’s (EU) financial stability framework is being markedly strengthened. This is taking place on the heels of a severe financial crisis owing to weaknesses in the banking system interrelated with sovereign difficulties in the euro area periphery. Important progress has been made in designing an institutional framework to secure microeconomic and macroprudential supervision at the EU level, but this new set-up faces a number of challenges. Developments regarding the financial stability may assist in the continuing evolution of the European financial stability architecture.

Suggested Citation

  • International Monetary Fund, 2011. "Euro Area Policies: 2011 Article IV Consultation—Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper," IMF Staff Country Reports 2011/186, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/186
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    References listed on IDEAS

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    Cited by:

    1. Ferrán Brunet, 2013. "Convergence and Divergences in the European Economy: Rebalancing and Being Competitive in a Non-optimal Monetary Union," Working Papers 03/13, Instituto Universitario de Análisis Económico y Social.

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