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In this paper, the monetary policy independence of European nations in the years before European Monetary Union (EMU) is investigated using cointegration techniques. Daily data is used to assess pairwise relationships between individual EMU nations and ‘lead' nation Germany, to assess the...
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Dirty money is often a by-product or a symptom of political corruption in the jurisdictions in which it originates. It can also spread corruption and erode democracy on its journey to its final destination. This typically involves multiple jurisdictions and is the reason why it is so hard to...
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Weshalb der Euro der Preis für die Wiedervereinigung war -- Die EZB macht sich zum Kumpanen der Politiker -- Neues aus der Haftungsunion -- Das Recht ist unter die Räder gekommen.- Lasset die Fremdlinge zu uns kommen? -- Das Eigeninteresse der Eurokratie -- Neustart jetzt -- Quellen und...
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und quantitativen Erleichterung der Liquiditätsversorgung eine unkonventionelle Geldpolitik. Vieles spricht dafür, dass …
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maintaining price stability have experienced the lowest and most stable inflation rates in recent decades. The present paper … reviews and critically evaluates this political economy literature which relates inflation performances to the constitutional …
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