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The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...
Persistent link: https://www.econbiz.de/10013085690
illustrated with examples that include tax policy, government spending, the euro, globalization, and the neoliberal policy …
Persistent link: https://www.econbiz.de/10011669507
dialed up or down, depending on the economy's state. Lock-in policy is illustrated by the euro, globalization, and the …
Persistent link: https://www.econbiz.de/10011572435
Persistent link: https://www.econbiz.de/10011951361
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" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the …
Persistent link: https://www.econbiz.de/10010459672
Building on the view that financial systems from contract and trading structures through regulation are artifacts of law and politics, this paper analyzes the fundamental reasons for the observed hierarchy in all financial systems. Why are financial systems hierarchical? The answer offered here...
Persistent link: https://www.econbiz.de/10010666140
euro in 1999 were initially both very successful solutions. The European integration process and the economic rise of the …, however, have encountered problems since the 1997/98 Asian Financial Crisis and the ongoing euro crisis since 2010. 2. Since … (EMU) have become apparent. The notion that the introduction of the euro and fiscal discipline alone would lead to economic …
Persistent link: https://www.econbiz.de/10014163943
The Federal Reserve's coalition in Congress changes over time with the mandate the Federal Reserve (Fed) is pursuing. When the Fed is fighting inflation, the Right supports it while the Left attacks it. When the Fed's focus shifts to reviving employment, the coalitions reverse and the Left...
Persistent link: https://www.econbiz.de/10013030120
complement—a digital euro—becomes increasingly necessary. Accordingly, the article concludes that the ECB is both entitled and … obliged de lege lata to issue a digital euro on the basis of Article 128 TFEU. It further explains that neither tangible cash … nor a digital euro can simultaneously be used as instruments in themselves to maintain price stability …
Persistent link: https://www.econbiz.de/10013230072