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Over recent years, several euro area countries have registered large and persistent net foreign liabilities. This paper examines the risks arising from these external stock imbalances, the prospects for their smooth unwinding and the menu of policy options. The paper demonstrates that external...
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markets in the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine. Based on the analyses of monthly … economic policy uncertainty in Europe negatively affect all stock market returns in the European Union, Croatia, Norway, Russia …, Switzerland, Turkey and Ukraine, and the effect is statistically significant for all countries except Croatia and seven members …
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