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Persistent link: https://www.econbiz.de/10014330318
We argue that the various proposals aimed at stabilizing the Eurozone using financial engineering do not eliminate the inherent instability of the sovereign bond markets in a monetary union. During crises, this instability becomes systemic and no amount of financial engineering can stabilize an...
Persistent link: https://www.econbiz.de/10012310791
asymmetric shocks and maintaining a high degree of fiscal discipline. After reviewing the development of the EMU fiscal framework …
Persistent link: https://www.econbiz.de/10012310792
economic and monetary union (EMU) - is not sustainable. EMU has in the meantime become the (economic and political) core of the …-based) institutions, most notably EMU and Schengen, or leave the Union and opt for membership of the European Economic Area only or for a …
Persistent link: https://www.econbiz.de/10012310812
The COVID-19 crisis has the potential to lead to long-term stagnation in the European Monetary Union (EMU). Especially … policy but one that is not sufficient to stabilize a monetary union. A more comprehensive integration of the EMU is needed to …
Persistent link: https://www.econbiz.de/10012664761
discourses shape the meaning of E(M)U. …
Persistent link: https://www.econbiz.de/10012665004
anchor, it is essential, especially for the case of peripheral EMU countries, to complement these measures with other …
Persistent link: https://www.econbiz.de/10012395397
Persistent link: https://www.econbiz.de/10013282657