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The article aims at analysing the current situation in the Euro area with respect to the balance of payments adjustment mechanism that should normally be at place. Internally, the Euro area membership represents a combination of the fixed exchange rate, capital mobility and no monetary policy...
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New Regionalism differs markedly from previous development of regional integration. These changes are connected mainly to the necessity of regionalism to react to changing global conditions, new world political order and entrance of new actors into regional integration (i.e. states and...
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