01776cas a2200241 a 4500 AALejournalIMF011160 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462339556 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Euro Area Policies : 2011 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (49 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this study, the risks related to the euro area sovereign debt crisis are analyzed. Methods used to implement the European Financial Stability Facility (EFSF) are overviewed, and the European Stability Mechanism (ESM), the European Systemic Risk Board (ESRB), and the European Supervisory Authority (ESA) are the important framework for financial reforms and macroprudential policies. In this paper, the improvement over the fiscal and structural governance stability and growth pact (SGP) and excessive deficit procedure (SDP) is discussed. Finally, the findings of spillover analysis are outlined. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/184 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/184/002.2011.issue-184-en.xml IMF e-Library