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series of proposals for improving the fiscal framework of the European Monetary Union, the Excessive Deficit Procedure and …
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on the issuer's relative bond market size. The start of the European Monetary Union has shifted market attention to debt … service payments as the key measure of indebtedness and eliminated liquidity premiums in the euro area. …
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Against the commonly accepted view that in the run-up to EMU the Maastricht fiscal restraints were quite effective in re-aligning public finances in Member States that were showing large excessive deficits, Strauch and von Hagen stress that there are some objections concerning this initial sign...
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Political debates over the fiscal framework of the European Monetary Union have focused on two issues, dealing with …
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