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the first ten years of EMU, the actual relationship between real growth and inflation has turned out to be far from clear …
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In 1961, in the earlier stage of the European integration, professor Bela Balassa proposed a five successive phase model. Today, the half century experience on integration and corresponding literature issued lets us see rather two big phases (instead of five). The one would be the incipient...
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West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the …
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