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accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
Persistent link: https://www.econbiz.de/10003968901
accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
Persistent link: https://www.econbiz.de/10002612636
Persistent link: https://www.econbiz.de/10013380858
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This paper addresses arguments that a system of fiscal insurance between member states of the European Union is needed to act in replacement of nominal exchange rate flexibility as an automatic stabilizer under monetary union. Many authors have argued or assumed that asymmetric real...
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