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At the close of the global financial crises, Greece, Ireland and Portugal, and later Spain, experienced severe economic … the solidarity among EU countries. The crises established other records: Ireland had one of the costliest banking crises … political capabilities and Government implementation capacity – contributed to the success of Ireland and the difficulties of …
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There has recently been increased research and policy interest in the divergent macroeconomic performance in the European Economic and Monetary Union (EMU). Understanding the underlying factors of macroeconomic differentials, the source and transmission of shocks and the adjustment process in...
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