A Central Fiscal Stabilization Capacity for the Euro Area

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book A Central Fiscal Stabilization Capacity for the Euro Area by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao ISBN: 9781484348208
Publisher: INTERNATIONAL MONETARY FUND Publication: March 26, 2018
Imprint: Language: English
Author: Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
ISBN: 9781484348208
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 26, 2018
Imprint:
Language: English

This note outlines a concrete proposal for a euro area CFC that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic stabilization fund financed by annual contributions from countries used to build up assets in good times and make transfers to countries in bad times, as well as a borrowing capacity in case large or persistent shocks exhaust the fund’s assets. The note also discusses several features aimed at avoiding permanent transfers between countries and making the CFC function as automatically as possible—to limit the scope for disputes over its operation—both of which are important points to make it politically acceptable.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This note outlines a concrete proposal for a euro area CFC that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic stabilization fund financed by annual contributions from countries used to build up assets in good times and make transfers to countries in bad times, as well as a borrowing capacity in case large or persistent shocks exhaust the fund’s assets. The note also discusses several features aimed at avoiding permanent transfers between countries and making the CFC function as automatically as possible—to limit the scope for disputes over its operation—both of which are important points to make it politically acceptable.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Current Developments in Monetary and Financial Law, Vol. 1 by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Regional Economic Outlook: Sub-Saharan African (October 2007) by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Computing Cyclically-Adjusted Balances and Automatic Stabilizers by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Hungary: Economic Policies for Sustainable Growth by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Transition to Accrual Accounting by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Macroeconomic Models for Adjustment in Developing Countries by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Impact of the Global Financial Crisis on the Gulf Cooperation Council Countries and Challenges Ahead by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Accounting Devices and Fiscal Illusions by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Challenges to Central Banking from Globalized Financial Systems by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book The General Data Dissemination System: Guide for Participants and Users by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book  by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Benefits and Costs of Bank Capital by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Determinants and Systemic Consequences of International Capital Flows by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Shaping the New Financial System by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
Cover of the book Governance of the IMF: An Evaluation (EPub) by Nathaniel G Arnold, Bergljot B Barkbu, H. Elif Ture, Hou Wang, Jiaxiong Yao
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy