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Banking has grown too much in Europe - in three senses. First, the European banking system has reached a size where its contribution to real economic growth is likely to be nil or negative. Second, the European financial structure is biased towards banks (rather than securities markets), which...
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Banking has grown too much in Europe - in three senses. First, the European banking system has reached a size where its contribution to real economic growth is likely to be nil or negative. Second, the European financial structure is biased towards banks (rather than securities markets), which...
Persistent link: https://www.econbiz.de/10013248815
–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …
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Finance Consolidation: A Survey of the Literature', European Central Bank Occasional Paper Series, No. 38, October. http …://www.imf.org/external/pubs/ft/wp/2011/wp11158.pdf -- Hamilton, W.H. (1915) 'Economic Theory and Social Reform', Journal of Political Economy, 23 (6): 562 ….html -- Keynes, J.M. (1936) The General Theory of Employment, Interest and Money. Amherst, New York: Prometheus Books. …
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Hydrogen is often seen as a promising future energy carrier given the major reliance of today's transport sector on finite fossil fuels. This working paper assesses the macroeconomic effects of introducing hydrogen as fuel in passenger transport within the framework of the computable general...
Persistent link: https://www.econbiz.de/10003578393