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.- AppendixA.- Modern Exchange Rate Theory and Schumpetrian Economic Analysis:New Approach and Application to the Euro … for the Euro: Theory, Strategic Issues andPolicy Options: Introduction.- Exchange Rate Regimes and Exchange Rate Policies …
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convergence of inflation rates and the convergence of investment barriers. On the one hand, the common monetary policy might have … driven a stronger co-movement in inflation rates, leading to increasingly similar hedging strategies among member countries … increasingly similar portfolio allocations among member countries. We find that the co-movement of inflation rates has not …
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Financial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of information costs and regulatory barriers to full...
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countries which chose not to enter the Eurozone. There was also a strong convergence in the cost of equity across the different …
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