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monetary developments. The paper explains in detail the principle underlying this approach, i.e. the link between the external …
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. In the specific context of an economic union’s external account, they allow us to assess the quality of geographical …
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TARGET balances have risen during the period of the Eurosystem's asset purchase programme (APP). The APP gives rise to substantial cross-border flows of reserves at the time of asset purchases and beyond, reflecting the interaction of decentralised monetary policy implementation and the...
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