the other hand, reduction of tariffs would help Japanese exports to exploit the growing Indian market. In this background …

This paper focusses on the relation between external imbalances and domestic money and credit growth in the euro area …. We compute money and credit overhang both for the euro area as a whole and for individual member countries. Our results …

bias towards zero. Empirically, we show that controlling for slope heterogeneity in Euro Area data increases reduced form …