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This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...
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quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also … ; Eurozone ; Maastricht Treaty ; European Central Bank ; Euro ; Fiscal union …
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root of the current social downward spiral. It examines also the main social consequences of the eurozone crisis. It first … factors that led to rule-based management of the eurozone crisis, offering an analysis of the role of the main European …
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The European Central Bank (ECB) has often been portrayed as highly resistant to ideational change. This paper paints a different picture. A battle of ideas dominated the academic debate on the euro crisis: one view stressed crisis-stricken countries' fiscal laxity, whereas the other highlighted...
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Etliche Beobachter sind der Ansicht, dass der Euro die aktuelle Krise nicht überleben wird. Anders die Ökonomen Markus Brunnermeier und Jean-Pierre Landau, ein Deutscher und ein Franzose, sowie der britische Wirtschaftshistoriker Harold James. Sie sehen ein Kernproblem des Euro in den...
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