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of transparency on environmental, social and governance aspects of financial products has improved significantly, it is …
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The volatility of financial markets has attracted a lot of attention in recent years. However, while particular … that markets have become more volatile, there appears to have been no systematic increase in volatility over the last 20 …
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This paper analyses the adjustment mechanism in the euro area prior to the crisis. Results show that the real exchange rate adjusted to redress cyclical divergences and that after monetary unification, real exchange rate dynamics became less reactive to country-specific shocks but also less...
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