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The European Structural and Investment Funds (ESIF) are the prime instrument of EU regional policy. European policy … identification strategy linked to modern growth theory, we find that the disbursement of EU structural funds is negatively correlated …. In any case, EU structural funding does not seem to contribute effectively to foster income convergence across regions. …
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Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...
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We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
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This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10011570812
We use the case of EU enlargement in 2004 to investigate the impact of economic integration on regional income growth … indicate that EU-15 regions up to a distance of 100 km from the integration border experience positive integration effects, but … settings and placebo tests. Country-specific estimates for the EU-15 finally indicate that in particular East German regions …
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