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Chapter 1. Introduction -- Chapter 2. Designing and Building a European Economy: from the 1930s to 1991 -- Chapter 3. Fiscal Constraints and Supranational Money: From Maastricht (1992) to Lisbon (2007) -- Chapter 4. Steering the Euro across the Crises (2008-2019) -- Chapter 5. Reforming the...
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This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...
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