Back Matter

Back Matter

Author(s):
Moisés Schwartz, and Shinji Takagi
Published Date:
June 2017
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    Index

    A

    • access policy, see IMF exceptional access policy

    • Article IV consultation, see IMF Article IV consultation

    C

    • Central African Economic and Monetary Community (CEMAC), 64, 66–73, 76–92, 138, 159n, 174, 175, 176, 178; see also CFA franc

    • CFA franc, 66–68, 66n, 68n, 73, 86, 93, 140, 141n, 176

    • cyclically adjusted fiscal balance (CAB), 113, 119n, 122, 284f, 332, 333, 404, 404n, 405t

    • current account deficits, 99, 108, 109, 111, 114, 117–119, 127, 132, 213, 218, 245, 260, 264–265, 364, 366–367, 372, 375, 376, 378, 380, 381, 384–385, 386, 387, 413–415

    • current account imbalances, see current account deficits

    D

    • decision-making procedures, see IMF decision-making procedures

    • debt restructuring, see private sector involvement

    • debt sustainability analysis (DSA), 11, 44–49, 227–228, 273–275, 298, 299, 409–413, 440–443

    E

    • Eastern Caribbean Currency Union (ECCU), 64, 66–73, 76–92, 138, 159n, 174, 175, 176, 178

    • ECOFIN, 20, 22, 23, 24, 114, 146, 148, 174, 211, 223

    • Economic and Monetary Union (EMU), 65, 99–105, 211, 260

    • “enhanced surveillance” for Italy, 24–25, 226

    • euro area, explained, 63, 65, 65n

    • European Union (EU), see European Commission

    • Eurosystem, see European Central Bank

    • Eurogroup, 14, 16, 18, 22, 23, 24, 26, 27, 138, 148–150, 156, 162, 165, 173, 174, 179, 182, 211, 217, 272

    • European Central Bank (ECB), 14, 18, 23, 28, 29, 50, 65, 69, 74, 76, 90–91, 101, 106n, 121, 122–123, 124–125, 137, 149–150, 173, 174, 177–178, 179–180, 182, 183, 211–213, 217, 218, 220, 224, 226, 229–230, 234, 257, 294, 339, 345–347; 350, 354–355, 363, 388–389, 407; see also troika

      • emergency liquidity assistance (ELA), 174, 175, 178, 213, 226, 229

      • long-term refinancing operation (LTRO), 121n, 152n, 229, 407, 420

      • Outright Monetary Transaction (OMT), 121, 159n, 173, 176–177, 213, 229, 347, 407, 421

      • Securities Markets Program (SMP), 152n, 173, 174, 181, 229, 270n, 280, 300, 341n

      • TARGET balances, 118, 139, 213, 213n, 229

    • European Commission (EC), 14, 18, 23, 24, 25, 26, 26n, 128, 129, 137, 149–150, 154, 157, 173–174, 179–180, 182, 183, 216, 217, 218, 230, 243, 257, 294, 350, 352, 354–355, 363, 416; see also troika

      • Task Force for Greece (TFGR), 164, 243

    • European Financial Stability Facility (EFSF), 27–28, 124, 137n, 153, 154, 155, 157, 164, 178, 181, 182, 231, 270, 270n, 319, 338, 347, 363

      • pari passu clause in EFSF loans, 28–29, 30, 155, 178

    • European Financial Stabilization Mechanism (EFSM), 154–155, 231, 270, 270n, 319, 338, 363

    • European Stability Mechanism (ESM), 26n, 27–28, 29, 137, 137n, 154–158, 164, 174, 178, 184, 231, 270, 270n, 271n, 347

    • ex post evaluation (EPE), 11, 24, 37, 53, 53n, 143, 167, 167n, 169–170, 172, 177, 180, 231, 241n, 275, 281n, 258–259, 277, 345–346; see also IMF exceptional access policy

    • exceptional access criteria, see IMF exceptional access criteria

    • exceptional access policy, see IMF exceptional access policy

    • Excessive Deficit Procedure (EDP), 73, 79, 111, 113, 114, 138, 143, 147, 157–158, 172, 212, 214, 216, 219–220, 262, 339, 342, 343, 349, 350; see also Stability and Growth Pact

    • Executive Board, see IMF Executive Board

    F

    • Financial Sector Assessment Program (FSAP), 25, 110n, 113, 193, 263, 267, 321, 322, 327, 327n, 328, 328n, 329–330, 331; see also IMF surveillance

    • financial sector reforms

      • in Greece, 293–294, 310

      • in Ireland, 351–353

      • in Portugal, 390–391, 397–398

      • in Spain, 25–27, 156–158

    • financial sector restructuring, see financial sector reforms

    • financing assurances policy, see under International Monetary Fund

    • fiscal devaluation in Portugal, 233, 233n, 238, 390, 394, 395, 395n, 399, 402, 418, 421, 426

    • fiscal multiplier, see multiplier, fiscal

    G

    • G20 Principles for Cooperation between the IMF and Regional Financing Arrangements, 160–161, 184, 185, 186, 187

    • Greek Loan Facility, 154, 178, 272, 283, 300

    I

    • IMF Article IV consultation, 8, 64, 73–74, 73n, 76–77, 105–119, 139, 145, 217, 218, 222, 226, 227, 228, 322, 323; see also IMF surveillance

    • IMF decision-making procedures, 5–8

    • IMF exceptional access criteria, 9, 10, 37–40, 44–56, 59–60, 231, 296, 353

      • modification of, 19–20, 40–44

      • systemic exemption from, 9, 20, 41–43, 52, 56, 180–181, 276, 278, 279, 353–354

    • IMF exceptional access policy, 4, 8–13, 17–20, 35–40, 35n, 149–151, 153, 164–166, 167, 276–277, 278–279

    • IMF Executive Board, 3–8, 42–44

      • decisions for Greece, 13–20, 42–44, 165–167

      • decisions for Ireland, 21–23

      • decisions for Portugal, 23–25

      • procedures, 6–8

    • IMF forecasts, 402–406, 408–410, 428–440

    • IMF lending, see IMF-supported program

    • IMF surveillance, 217–228; see also “enhanced surveillance for Italy”; Financial Sector Assessment Program; IMF Article IV consultation

      • in Greece, 112, 263–269

      • in Ireland, 112–113, 322–337

      • in Portugal, 113–114, 378–387

      • of currency unions, 73–79

      • of the euro area, 100–105, 106–111, 114–119, 120–127

    • IMF technical assistance, 14, 187, 241–244, 243n

      • for Greece, 148, 227, 241–244, 271, 271n, 296, 311–312

      • for Portugal, 419–423

      • for Spain 25–27, 157–158

    • IMF-supported program

      • in currency unions, 79–92

      • in Greece, 280–301

      • in Ireland, 337–356

      • in Portugal, 387–416

    • International Monetary Fund (IMF); see also IMF Article IV consultation; IMF decision-making procedures; IMF exceptional access criteria; IMF exceptional access policy; IMF Executive Board; IMF forecasts; IMF surveillance; IMF technical assistance; IMF-supported program

      • financing assurances policy, 162, 166–167, 283, 341n, 354

      • preferred creditor status of, 28, 160, 178

    L

    • long-term refinancing operation (LTRO), see under European Central Bank

    M

    • macroeconomic forecasts, see IMF forecasts

    • multiplier, fiscal, 48–49, 48n, 53, 146, 183, 190, 195, 235, 235n, 245, 289, 289n, 349–350, 350n, 402, 404–405, 405n, 416, 418, 440

    O

    • optimum currency area (OCA), 102, 129–131, 131n, 210, 210n

    • Outright Monetary Transactions (OMT), see under European Central Bank

    P

    • pari passu clause, see under European Financial Stability Facility

    • Prague Framework, see under private sector involvement

    • preferred creditor status, see under International Monetary Fund

    • private sector involvement (PSI), 10n, 13, 14, 21, 22–23, 24, 27, 37–38, 40, 51, 162, 231, 301; see also Vienna Initiative

      • in Greece, 16, 41, 180, 182, 182n, 229, 230–231, 234, 274–275, 278, 280–281, 280n, 284–285, 291–292, 294, 297, 299–301, 300n

      • in Ireland, 182, 344–346

      • Prague Framework for, 10n, 37, 276–277

    S

    • Securities Markets Program (SMP), see under European Central Bank

    • Stability and Growth Pact (SGP), 72, 101, 103, 106, 111, 114, 131, 138, 143, 147, 172, 211, 212, 214, 216, 217, 219, 224–225, 262, 289; see also Excessive Deficit Procedure

    • structural conditionality, 168, 172–173, 176, 236–239, 292–295, 341–343, 341n, 342n

      • in Greece, 236–239, 292–295

      • in Ireland, 237, 341n, 342n

      • in Portugal, 237–238, 391–392, 399–401, 402, 424–428

    • structural reforms, see structural conditionality

    • sudden stop, 118, 132, 133, 140, 218, 225, 229, 245, 263, 265n, 268, 373, 376, 377, 377f, 380n, 382, 383, 384, 386, 412, 416, 417, 418, 419, 423–424

    • surveillance, see IMF surveillance

    • systemic exemption, see under IMF exceptional access criteria

    T

    • TARGET balances, see under European Central Bank

    • Task Force for Greece (TFGR), see under European Commission

    • technical assistance, see IMF technical assistance

    • troika, 21, 22, 23, 27, 50, 52, 53, 88, 90, 137–189, 232, 257, 354–356, 363, 415–416; see also European Central Bank; European Commission

    V

    • Vienna Initiative, 126n, 274–275, 281n; see also private sector involvement

    W

    • West African Economic and Monetary Union (WAEMU), 64, 66–73, 76–92, 138, 159n, 174, 175, 176, 178; see also CFA franc

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