01779cas a2200241 a 4500 AALejournalIMF013786 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484372623 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Euro Area Policies : 2013 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (46 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 This staff paper on euro area policy 2013 Article IV Consultation discusses economic development and policies. Severe market stresses have subsided, although private borrowing costs have remained too high in the periphery. In these economies, sovereign borrowing costs have declined from unsustainable levels. This has led to slightly lower private borrowing costs, spurring bond issuance among some banks, and firms. Capital flight has gradually eased, bank deposits have stabilized, and Target 2 imbalances have narrowed. This has contributed to some early repayment of official liquidity support by stronger banks, though largely from core countries. Still, periphery bank risks are significantly higher than in the core. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/231 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/231/002.2013.issue-231-en.xml IMF e-Library