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capitalism : linear or cyclical? -- The euro is a threat to the market system -- The world of Pilketty -- Pendulum swings between …The great economic pendulum -- The limits of capitalism -- External limits of capitalism -- Internal limits of … capitalism -- The utopia of self-regulation in the market system -- Who can save the market system from destruction? -- External …
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This paper tests the hypothesis that government bond markets in the eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries (Portugal, Ireland,...
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