European Response to the Financial Crisis.

Intro -- EUROPEAN RESPONSE TO THE FINANCIAL CRISIS -- EUROPEAN RESPONSE TO THE FINANCIAL CRISIS -- CONTENTS -- PREFACE -- Chapter 1 COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN COUNCIL: A EUROPEAN ECONOMIC RECOVERY PLAN -- 1. INTRODUCTION -- A. European Economic Recovery Plan -- 2. SUPPORTING THE REAL ECONOMY AND BOOSTING CONFIDENCE -- 2.1. Monetary and Credit Conditions -- 2.1.1. The Role of the European Central Bank and other Central Banks -- 2.1.2. The Role of Banks -- 2.1.3. The Role of the European Investment Bank and the European Bank for reconstruction and development -- 2.2. Budgetary Policy -- (1) It should be timely, temporary, targeted, and co-ordinated -- (2) It should mix revenue and expenditure instruments -- (3) It should be conducted within the stability and growth pact -- (4) It should be accompanied by structural reforms that support demand and promote resilience -- 2.3. Actions in the Four Priority Areas of the Lisbon Strategy -- 2.3.1. Protecting Employment and Promoting Entrepreneurship -- (a) People -- (b) Business -- 2.3.2. Continuing to Invest in the Future -- (c) Infrastructure and Energy -- (d) Research and Innovation -- 3. WORKING TOWARDS GLOBAL SOLUTIONS -- Keeping World Trade Moving -- Tackling Climate Change -- Supporting Developing Countries -- 4. CONCLUSIONS -- End Notes -- Chapter 2 THE FINANCIAL CRISIS: IMPACT ON AND RESPONSE BY THE EUROPEAN UNION -- SUMMARY -- OVERVIEW -- Financial Architecture -- Economic Performance -- THE FINANCIAL CRISIS AND THE EUROPEAN UNION -- PHASE I - BUILD-UP -- PHASE II - LIQUIDITY ISSUES -- Central Bank Operations -- Interest Rates -- Currency Swap Facilities -- Depositor Guarantees -- PHASE III - SOLVENCY AND DELEVERAGING -- The "European Framework for Action" -- "Bad Banks" -- PHASE IV - FISCAL INTERVENTION -- European Economic Recovery Plan -- Germany -- France.

United Kingdom -- OUTLOOK -- APPENDIX A. OVERVIEW OF THE EUROPEAN UNION -- Investment Services Directive -- Financial Services Action Plan -- Markets in Financial Instruments Directive -- Capital Requirements Directive -- Lamfalussy Process -- End Notes -- Chapter 3 THE U.S. FINANCIAL CRISIS: LESSONS FROM SWEDEN -- SUMMARY -- BACKGROUND -- DEREGULATION -- THE FINANCIAL CRISIS -- LESSONS LEARNED FROM SWEDEN‟S EXPERIENCE -- End Notes -- Chapter 4 ICELAND'S FINANCIAL CRISIS -- SUMMARY -- BACKGROUND -- RECENT ECONOMIC ACTIVITY -- BANKING COLLAPSE -- CONCLUSIONS -- ACKNOWLEDGMENTS -- End Notes -- Chapter 5 THE U.S. FINANCIAL CRISIS: THE RESPONSE BY SWITZERLAND -- SUMMARY -- OVERVIEW -- SWISS GOVERNMENT AND FINANCIAL SECTOR -- SWITZERLAND AND THE FINANCIAL CRISIS -- Phase I: Build-up -- Phase II: Liquidity Issues -- Phase III: Solvency Issues -- Phase IV: Fiscal Intervention -- Switzerland‟s Response -- CONCLUSION -- End Notes -- INDEX.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.