Arbeitspapier
Macro-financial stability under EMU
This paper examines the cyclical behaviour of country-level macro-financial variables under EMU. Monetary union strengthened the covariation pattern between the output cycle and the financial cycle, while macro-financial policies at national and area-wide levels were insuffciently counter-cyclical during the 2003-2007 boom period. We critically examine the policy reform agenda required to improve macro-financial stability.
- ISBN
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978-92-95081-26-0
- Language
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Englisch
- Bibliographic citation
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Series: ESRB Working Paper Series ; No. 1
- Classification
-
Wirtschaft
Monetary Policy
Studies of Particular Policy Episodes
Financial Institutions and Services: Government Policy and Regulation
- Subject
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macroeconomic stabilisation
financial stability
international capital flows
inflation
exchange rate
- Event
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Geistige Schöpfung
- (who)
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Lane, Philip R.
- Event
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Veröffentlichung
- (who)
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European Systemic Risk Board (ESRB), European System of Financial Supervision
- (where)
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Frankfurt a. M.
- (when)
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2016
- DOI
-
doi:10.2849/392960
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lane, Philip R.
- European Systemic Risk Board (ESRB), European System of Financial Supervision
Time of origin
- 2016
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