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The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
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We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using …
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are estimated in a panel study. The results show that the ECB’s monetary policy measures barely had a stabilizing effect …
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