Integrating Europe's Financial Markets

Abstract

for doing so much to make our joint conference a success; and to the presenters and participants in our conference for their valuable intellectual contributions.This book benefited from the constructive and frank discussions on financial integration that the authors and members of the IMF's EU Policies team have had in recent years with staff at the European Central Bank (ECB) and the European Commission and with many other experts in Europe. Without implicating anyone and with inevitable risks of omission, we would like to extend special thanks to

I Do it My Way: Understanding Policy Variation in Pandemic Response Across Europe

“…To mitigate such bias, we also assess the relationship between the level of indebtedness of a country (debt % GDP, Eurostat, 2020, last quarter 2019) and the type of policy responses implemented. Commentaries of the policy responses to COVID-19 in the EU largely reveal how highly indebted countries in the EU were limited in the design of their policy responses due to an incapacity to raise liquidity on financial markets (McMenamin et al, 2020). Although this indicator is more reliable, it also assumes that the management of the pandemic implies a rise of the national debt.…”

Almanaseer, S. R. (2023) The Relationship Between Financial Integration and Financial Stability: an Application of ‎Panel Smooth Transition Model

“…This topic is of great value in the research schemes of central banks and universities. European Union indicated evolving risks to financial stability estimated by the financial market, blaming the financial stability arrangement (Decressin, Fonteyne & Faruqee, 2007). The recent financial crisis experienced proves that this area needs attention; this provides sufficient evidence to demonstrate how quickly the financial crisis spreads from one institution to another in today's international monetary hubs.…”