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Persistent link: https://www.econbiz.de/10011485536
joining the Euro were completely eroded. Growth accounting analysis reveals that the source of the problem was the reliance on …
Persistent link: https://www.econbiz.de/10010492280
Europe’s financial landscape has substantial institutional variety. This reflects different societal responses to (or preferences with regard to) trade-offs. For monetary policy, it implies a challenging environment, particularly in times of financial crises. Using a non-linear VAR-model we...
Persistent link: https://www.econbiz.de/10012051208
Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This … holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated … by arms’ length (capital-market oriented) interaction between providers and users of funds, in Europe, in many cases …
Persistent link: https://www.econbiz.de/10012051211
largely around the rather simplistic and binary comparison between bank-based versus market-based financial systems. The Great …
Persistent link: https://www.econbiz.de/10012152147
Persistent link: https://www.econbiz.de/10002452315
joining the Euro were completely eroded. Growth accounting analysis reveals that the source of the problem was the reliance on …
Persistent link: https://www.econbiz.de/10010377681