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optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The …
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competitiveness to raise exports. Due to low industrial capacities in Greece, Portugal and Spain, for instance, it is questionable …
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The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by monetary integration) on business cycle synchronization which is an important factor of a country's readiness for a currency union accession. The main conclusion from the first part...
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