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The European sovereign debt crisis has revealed severe flaws in the design of the internal market. Both, private and public borrowers had incentives for excessive borrowing, which have been created by deficits in the regulatory structure of financial markets. Capital requirements for banks were...
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Die europäische Schuldenkrise hat zentrale Defizite des Binnenmarkts offengelegt. Regulatorische Defizite haben Anreize geschaffen, eine zu hohe Verschuldung einzugehen. Zwar wurde eine einheitliche Geldpolitik verfolgt, gleichzeitig aber die Kompetenzen für die Aufsicht und Restrukturierung...
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This paper gives a short overview of the unemployment problem in Germany during the last decade. In a disequilibrium … trade flows between Germany and a group of four main EEC trading partners. It follows a discussion of employment and labor … demand series for Germany and the group of EEC countries with some remarks on possible macroeconomic causes of the German …
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