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Persistent link: https://www.econbiz.de/10010367559
law of the European Union would support a eurozone exit. The Treaty of Maastricht imposed the strict obligation on the … of the EU, as in the case of the UK and Denmark. The newly admitted Member States are obliged to introduce the euro as … exclusive competence for the monetary policy of the Member States whose currency is the euro on the EU, Article 3(1)(c) TFEU and …
Persistent link: https://www.econbiz.de/10010510063
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The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …
Persistent link: https://www.econbiz.de/10011942687
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who see the euro as the advent of a newly open, large, and efficient regime which will lead to improvements in European … and in particular in German competitiveness; those who see the euro as a weakening of the German commitment to price …
Persistent link: https://www.econbiz.de/10009768851
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that the collateral framework in the euro area promotes risky and illiquid collateral and, more generally, impairs market …
Persistent link: https://www.econbiz.de/10011296085
conventional and non-standard expansionary monetary policy interventions in order to stabilize eurozone economies. We conducted a … panel regression econometric analysis to study the influence of euro area monetary authority policy interventions, along … with two main macroeconomic variables and a sentiment indicator, on market equity returns of eurozone countries for the …
Persistent link: https://www.econbiz.de/10012820682