Avoiding another crisis in the euro area: Public and private imbalances and national policy responses

Journal of European Integration

Volumn 37, Issue 7, 2015, Pages 787-801

  Kincaid, Russell ^a   Watson, Max ^a  

^a UNIVERSITY OF OXFORD   (United Kingdom)

Author keywords

Euro crisis; International policy coordination; Macroprudential policies

Indexed keywords

EID: 84955201798     PISSN: 07036337     EISSN: 14772280     Source Type: Journal    
DOI: 10.1080/07036337.2015.1079374     Document Type: Article

References (13)

1. Allsopp, C., and D. Vines. 2008. Fiscal policy, inter-country adjustment, and the real exchange rate. DG-ECFIN, Economic Papers No. 344.
2. Baker, A. 2013. The gradual transformation? The incremental dynamics of macroprudential regulation. Regulation and Governance 7: 417-34.
3. Basel Committee on Banking Supervision. 2010. Guidance for national authorities operating the counter cyclical capital buffers. Basel: Bank for International Settlements.
4. Brzoza-Brzezina, M., M. Kolasa, and K. Makarski. 2013. Macroprudential policy instruments and economic imbalances in the euro area. European Central Bank Working Paper No. 1589.
5. Dombret, A. 2014. The impact of macroprudential policy on financial integration. Banque de France Financial Stability Review 8, no. 1: 61-7.
6. European Commission. 2006. Adjustment dynamics in the euro area: the European Commission annual economic report, eds. Mary McCarthy and Maxwell Watson. Brussels: Directorate-General for Economic and Financial Affairs.
7. Kincaid, G. R., and M. Watson. 2013. The implications of macroprudential policies for international policy coordination. Discussion Draft for Programme on the Political Economy of Financial Markets, Oxford.
8. Martinez-Mongay, C., L. A. Maza-Lasierra, and J. Y. Igal. 2007. Asset booms and tax receipts: the case of Spain, 1995-2006. European Commission Occasional Paper 293.
9. Moschella, M. 2014. Monitoring macroeconomic imbalances: is EU surveillance more effective than IMF surveillance? JCMS: Journal of Common Market Studies 52, no. 6: 1273-89.
10. Posen, A., and N. Vernon. 2014. Europe's half a banking union, http: //www. iie. com/publications/ opeds/oped. cfm?ResearchID=2627.
11. Quint, D., and P. Rabanal. 2013. Monetary and macroprudential policy in an estimated DSGE model of the euro area. International Monetary Fund Working Paper 13/209.
12. Regling, K., and M. Watson. 2010. A preliminary report on the sources of Ireland's banking crisis. Dublin: Irish Government Publications Office.
13. Trichet, J.-C. 2015. Speech entitled Ireland and euro area governance: past, present and future, given at the Institute of International and European Affairs.