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There is a growing consensus among both economists-academics and policymakers that there was at least one missing element of the financial safety net during the Global Financial Crisis. This element, which will probably improve financial stability (or protect against financial instability), is...
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The aim of this study is to analyze the monetary policy rules in the Czech Republic, Hungary and Poland, with public … Markov-switching model. Our findings suggest that in the Czech Republic and Poland the monetary authorities respond to …
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