Jump to ContentJump to Main Navigation
After the CrisisReform, Recovery, and Growth in Europe$
Users without a subscription are not able to see the full content.

Francesco Caselli, Mário Centeno, and José Tavares

Print publication date: 2016

Print ISBN-13: 9780198754688

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780198754688.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 January 2022

Macro‐Financial Stability Under EMU

Macro‐Financial Stability Under EMU

Chapter:
(p.89) 4 Macro‐Financial Stability Under EMU
Source:
After the Crisis
Author(s):

Philip R. Lane

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198754688.003.0005

This chapter 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 insufficiently counter-cyclical during the 2003‑7 boom period. The policy reform agenda required to improve macro-financial stability is examined critically.

Keywords:   macroeconomic stabilization, financial stability, international capital flows, inflation, exchange rate

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .