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by large regional disparities, Germany and Italy. While income gaps and population structures are similar in the two …
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economic aggregatio and index number theory and aim to aggregate the money components by considering their transaction service …
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While there has been some debate over the usefulness of monetary aggregates, there has been surprisingly little discussion of the actual implications for liquidity. In this paper, we provide an approximation of the liquidity development in six Euro area countries from 2003 to 2012. We show that...
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undesirably large. In order to fill this gap, we have developed a composite indicator - the EU-Index - measuring the extent of … European economic integration of the EU member states. The EU-Index exhibits large heterogeneities between the member states …
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