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This article looks at the evolution of the Target balance of the Greek central bank. It is shown that in the first 18 months “after Lehman”, lending policy has been relatively lax, contributing to the increase of Target deficits. However, from spring 2010 onwards, there has been a...
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Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...
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affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing … the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold … Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the …
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