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The age of the euro has cast central banks in a newly prominent role in European integration and in macro-economic policy making in Europe. This text examines the effects of the euro as the new European single currency on the central banks of the member states of the European Union
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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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The success of European monetary integration-what the editors of this CESifo volume call "one of the most far-reaching, real world experiments in monetary policy to date"-is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for...
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I. Introduction -- II. Objectives, Rationale, Opportunities versus Main Risks of a CBDC: Principles for a Coherent European Financial Regulation -- III. Central Bank Digital Currency and the Treaty Mandate of the European Central Bank -- IV. The Digital Euro and the EU Framework for Payments --...
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