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With a unique data set summarizing the quality of rules-based fiscal governance in EU member states, we show that …
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We study the vulnerability of 130 banks directly supervised by the European Central Bank's Single Supervisory Mechanism. Illustrative stress tests using banks' balance sheet data reveal that significant stress prevails in the euro area's smaller and medium-sized banks, many of them located in...
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We study whether and to what extent EU countries implement recommendations on macroeconomic imbalances given by the EU … also study how EU recommendations on addressing macroeconomic imbalances compare to recommendations given by the … International Monetary Fund. Overall implementation of recommendations by EU countries has worsened in the last few years, in …
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from the EU of the United Kingdom - home to the EU’s main capital market centre - makes the project even more relevant …. Although integrating and deepening capital markets has been a long standing goal of the EU, actual progress has been limited … development of EU capital markets. Although the European Council has repeatedly underlined the CMU’s importance, only a few of …
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Die Target-Forderungen der Deutschen Bundesbank entstanden durch die Regeln des Eurosystems und der dadurch erzwungenen Kreditvergabe der deutschen an die übrigen europäischen Zentralbanken. Es gilt heute als unstrittig, dass diese Forderungen im Risiko stehen, sollten Target-Schuldner aus dem...
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