Rossi, Sergio - In: Intervention. Zeitschrift fuer Ökonomie / Journal of … 04 (2007) 2, pp. 309-329
This paper aims at investigating some neglected consequences of free capital mobility in the Euro area. The approach we use in this work is based on the bookkeeping nature of money, which shows that capital - in the form of bank deposits - is mobile within a currency area but actually immobile...