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This paper deals with the possible future strengthening of the economical integration among the countries of Mercosur … Maastricht by the members of Mercosur is defended. Finally, a proposal of schedule - to be announced in 2002 and to occur in the …
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The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...
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