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The international financial crisis that started in 2007 was much more than an accident caused by undisciplined financial innovations. It was a major failure of global economic governance. “The globalization of finance and monetary systems has excessively prolonged the duration of unsustainable...
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the Eurozone Crisis -- Chapter 5. Monetary Policy Crisis in the Eurozone -- Chapter 6. A Critical Assessment of the Euro … that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and …
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