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The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
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especially to the euro area, with a focus on the still-unresolved crisis and its position vis-à-vis the rest of the world ….Section 2 analyses the place of the euro area in the international financial institution system. It assesses how far it may be …
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