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EMU. The present attempt to enforce structural convergence in the euro¬zone appears economically ineffective and lacks …Die Eurozone vereint strukturell heterogene Ökonomien, die entweder auf exportbasiertes Wachstum und …
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This paper studies the political economy of realignments to fixed exchange rates and suggests that the use of realignments is less likely when there are political benefits from stable exchange rates and when linkages across other issue areas increase the costs of realignment. More specifically...
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