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The book is about money, central banking and constitutions. It explains how the European Central Bank was established to ensure stability and prosperity for the euro area. The ECB was guided and controlled by a coherent European Macroeconomic Constitution. However, this model has failed during...
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European Union and the Single European Market, and we propose a controlled dismantlement of the Eurozone. In this paper, we … undertake a deeper analysis of the measures which would minimize the risks throughout the process of the Eurozone dismantlement … countries.· The European Central Bank (ECB) should be preserved as the central bank for all 17 Eurozone member countries, even …
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This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime change associated with the start of EMU in 1999. The main...
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