Bond Convenience Yields in the Eurozone Currency Union

2020 ◽  
Author(s):  
Zhengyang Jiang ◽  
Hanno N. Lustig ◽  
Stijn Van Nieuwerburgh ◽  
Mindy Z. Xiaolan
Keyword(s):  
Currency Union

scholarly journals Macroprudential policy coordination in a currency union

2021 ◽  
pp. 103791
Author(s):  
Pierre-Richard Agénor ◽  
Timothy Jackson ◽  
Pengfei Jia
Keyword(s):  
Currency Union ◽  
Policy Coordination ◽  
Macroprudential Policy

The imf Conditionality in the Age of Post-National Governance

2021 ◽  
pp. 1-27
Author(s):  
Vojtěch Belling ◽  
Lukáš Kollert ◽  
Martin Vojta
Keyword(s):  
Member State ◽  
Program Design ◽  
Currency Union ◽  
Currency Unions ◽  
Monetary Unions ◽  
Executive Board ◽  
Member States ◽  
Board Decision ◽  
Supranational Institutions ◽  
The Imf

Abstract The paper focuses on conditionality in imf programs for member states of monetary unions in light of the decision of the imf’s Executive Board on Program Design in Currency Unions (2018). Despite the growing importance of supranational institutions, the imf lacked until 2018 any explicit framework for imposing conditions on currency union bodies in cases where a member state of such a union requested an imf program. The aim of this paper is to assess the newly adopted imf approach to conditionality for currency union institutions based on the concept of “policy assurances” and to answer the question of whether the imf had authority to impose conditions on supranational institutions prior to the 2018 Board decision and whether the imf should in principle have such authority.

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