What is the impact of import competition from low-wage countries (LWCs) on inflationary pressure in Europe? This paper … examines whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer … contrast, no effect is present for import competition from low-wage countries in Central and Eastern Europe. Decomposing the …

Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … that banks in Europe have continuously held more foreign-currency-denominated assets than liabilities, indicating their …