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The development of the European Monetary Union is related to Milton Friedman's critique of the Bretton Woods System that started a vigorous debate about “fixed versus flexible exchange rates.” This paper contrasts briefly the arguments pro and con flexible exchange rates at this time. After...
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the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro … crisis, the insolvency of the Euro area member-states model of debt financing of public and private expenditure and … investment. Hence, any repair of the system will require addressing the twin malaises of the Euro area model of economic …
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The current state of affairs in the euro area (EA) instills hope in economic recovery but also substantial concern. The …
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, southern eurozone countries is not exclusively the consequence of out-of-control government budgets; the private sector had … eurozone countries also contributed by lending too much money to the eurozone countries concerned. Better banking regulation in … the eurozone is, therefore, essential. Nor is transferring power free of commitment for the Netherlands. At the moment …
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