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At the height of the European sovereign debt crisis, the European Central Bank decided to purchase distressed European government bonds. Even worse, and more importantly, the ECB is providing direct support of several hundred billions of euros to troubled banks via its normal monetary policy...
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The Italian sovereign bond market experienced considerable disruption in May 2018 and subsequent months amid concerns … euro area bond markets some six years after the euro area sovereign bond market crisis of 2009–2012. The main fi nding is … that turbulence in a periphery Member State's bond market (in this case, Italy's) continues to have its strongest cross …
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revived proposals for a common bond issuance by EMU countries. Could these be put into practice without creating a moral …
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From the very beginning of the European Monetary Union the crucial institutions, the European Commission and the European Central Bank, led by mainstream economic thinking, were not up to their task of controlling the core of the system effectively. A huge gap in competitiveness among the member...
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