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Persistent link: https://www.econbiz.de/10003448537
This paper reviews the factors that will determine the shape of financial markets under EMU. It argues that financial markets will not be unified by the introduction of the euro. National central banks have a vested interest in preserving local idiosyncracies (e.g. the Wechsels in Germany) and...
Persistent link: https://www.econbiz.de/10009768844
Speculation about the consequences of a break-up of the eurozone, a worsening sovereign debt crisis or a prolonged recession in the European Union have all in recent years made the headlines. At first glance, the effect that such events might have on the Canadian macroeconomy might appear small....
Persistent link: https://www.econbiz.de/10013057480
This report elucidates the risk channels for EU economies associated with international financial integration and …
Persistent link: https://www.econbiz.de/10013248798
differences in hours worked overall are much smaller than for unemployment.Using data from US states and EU member states, an … pandemic as it played out between March and November 2020. In the EU, unemployment showed little variation. The Non …-Pharmaceutical Interventions (NPIs) used in different US states and EU countries, as can be demonstrated through a regression analysis, did not …
Persistent link: https://www.econbiz.de/10013231157
In recent decades the EU has widened and deepened to such an extent that it now deals in almost all areas of policy …
Persistent link: https://www.econbiz.de/10014210722