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This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...
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We investigate the impact of European Union (EU) integration on capital flows to prospective new EU member states …. Using annual data between 1992 and 2020, our results suggest that although EU integration increased net capital flows before … occurred after the GFC. Furthermore, the results show that the impact of EU integration mainly runs through improved …
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