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The Eurozone crisis mobilises an appreciable amount of the attention of politicians and the public, with calls for a … decisive defence of the euro, because the single currency's demise is said to be the beginning of the end of the EU and Single … European Market. In our view, preserving the euro may result in something completely different than expected: the …
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In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for...
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