... also for the coordination of policies in the pursuit of economic convergence At the global level, finally, the EU can offer a framework for the coordination of positions in e.g the G20 or the IMF ... to the value of banks' assets and their vulnerability to economic and financial developments, uncertainty remains In this context, the reluctance of many banks to reveal the true state of their ... loop' set in, whereby the economic downturn increased the credit risk, thus eroding bank capital further The main response of the major central banks – in the United States as well as in Europe...