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period of economic expansion during which default rates were stable and low, deregulation and unsupervised financial …, Deregulation, Economic Stability, and Financial Crisis, Part I: The Evolution of Securitization.') …
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Convergence to the Centre -- Financial Markets: Banks Capital Markets -- Firm Size, Productivity, EU-Funds and Corruption -- Labour Markets: Structural Characteristics and the Impact of Two Crises -- Transport and Mobility -- Monetary, Macroprudential, and Fiscal Policy -- Green Economy: Energy,...
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cost of debt, corporate bond purchases by the central bank stimulate innovation through a wealth transfer to innovative …
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"Financial crisis" is sometimes regarded as synonymous with "economic crisis", but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the...
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