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increase the capacity of the area to cope with future economic and financial crises. The issue of a separate budget for this … area is of particular interest in this article. The idea of such a budget has recently become the subject of lively public …
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Fiscal federalism theory seeks to establish the optimal organization of a government, confined by certain geographic boundaries. The implications of that theory for the monetary unification process are shortly inquired. The literature measuring the redistribution and stabilization effects of the...
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