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When monitoring, interpreting and assessing budget policy decisions and developments, the public authorities' financial balance has always played a prominent role. The Maastricht Treaty on European Union and the provisions contained therein on budgetary criteria and reference values gave rise to...
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heavily reliant on bank credit. The credit channel theory states that, for small enterprises, a stricter monetary policy …
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reliant on bank credit. The credit channel theory states that, for small enterprises, a stricter monetary policy stance …
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