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The key dynamics of the transatlantic banking crisis are analyzed – with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise –, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted. Most important,...
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framework. In the estimation we utilize disaggregated information, employing single country data, along with the aggregated EMU … data by Fagan et. al (2001). We also contribute to the literature by proposing a strategy for consistent estimation of the … simple tworegion DSGE model, with a particular focus on analyzing the German economy within EMU, and its Bayesian estimation …
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