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Spotlight |
| The European Emergency Fund |
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It is the loan facility amount the 16 Euro area members have secured for themselves for the three coming years. The European Financial Stability Fund in charge of running it will issue guaranteed bonds to grant loans against conditionality to those members facing funding difficulties in the financial markets. These amounts could be completed by an IMF loan facility worth euros 250 bn.
With this emergency fund, the Europeans hope to stop the ripple effects of sovereign debt degradation namely on the most exposed European banks.
At mid-2010, the downside risks in the Euro area and their possible adverse impact on a recovering global economy still spread strong uncertainties. |
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June 2010 |
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Strong action necessary to douse greek flames
Financial Times, Letters, 27 September 2011
Agnès Bénassy-Quéré, Peter Bofinger, Elie Cohen, Lars Feld, Wolfgang Franz, Pierre-Olivier Gourinchas, Jean Pisani-Ferry, Hélène Rey, Christoph Schmidt, Beatrice Weder di Mauro
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Global ageing and the macroeconomic consequences of migration from neighborhood countries to Europe
EU Eastern Neighborhood – Economic Potential and Future Development, Springer septembre 2011
Xavier Chojnicki, Vladimir Borgy
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Index trading and agricultural commodity prices: A panel Granger causality analysis
International Economics, N°127,Recent developments on commodity, energy and carbon markets, N°126-127, Q2-3 2011
Gunther Capelle-Blancard, Dramane Coulibaly
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On euro's future
N°20, May 2011
Agnès Bénassy-Quéré
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On euro's future
N°28, April 2011
Agnès Bénassy-Quéré
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On euro's future
N°4, February 2011
Agnès Bénassy-Quéré
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Gestion de l'euro : le diable est dans les détails
Sociétal, N°71, , 2011, pp.53-60.
Agnès Bénassy-Quéré, Laurence Boone
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On European macroeconomic governance
N°17, November 2010
Agnès Bénassy-Quéré
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Lessons from the Greek crisis
20th Economic Forum of Krynica, N°8-10, September 2010
Agnès Bénassy-Quéré
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Zone euro : la crise dans la crise
Le Kiosque Citoyen, N°7, juin 2010
Agnès Bénassy-Quéré
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Lessons from the Greek crisis
Franco-German conference on Overcoming the Debt Crisis and Securing Growth – Irreconcilable Challenges for the Eurozone?, N°3, May 2010
Agnès Bénassy-Quéré
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Euro area: the crisis in the crisis
Asia-Europe Economic Forum, N°25, March 2010
Agnès Bénassy-Quéré
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De la crise des subprimes à la crise mondiale
La Documentation Française, Paris, 2010, pp.168.
Patrick Artus, Jean-Paul Bétbèze, Christian de Boissieu, Gunther Capelle-Blancard
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Vulnerabilities in Central and Eastern Europe: Dynamics of Asymmetric Shocks
ICFAI Journal of Monetary Economics, August 2010, pp.33-59.
Aleksandra Zdzienicka
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Economic divergence within the euro area: lessons for EMU enlargement
The Euro and Economic Stability in Central, Eastern and South-Eastern Europe, Ed. E. Nowotny, P. Mooleslechner, D. Ritzberger-Grünwald, Edward Elgar Décembre 2010
Agnès Bénassy-Quéré, Antoine Berthou, Lionel Fontagné
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The Effect of Exchange Rate Volatility on Real Macroeconomic Performance in the CEEs
Economic Systems, N°doi:10.1016/j.ecosys.2010.05.003, 2010
Olga Arratibel , Davide Furceri, Reiner Martin , Aleksandra Zdzienicka
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What if the euro had never been launched? A counterfactual analysis of the macroeconomic impact of euro membership
Economics Bulletin, N°29, September 2009, pp.2252-2266.
Emmanuel Dubois, Jérôme Héricourt, Valérie Mignon
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The Dynamics of Structural Shocks in CEECs
12th International Conference on Macroeconomic Analysis and International Finance, May 2008
Aleksandra Zdzienicka
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Happy Dollar
La Lettre du CEPII, N°225, July-August 2003
Agnès Bénassy-Quéré, Lionel Fontagné, Michel Fouquin
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