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This paper investigates in a consistent semi-structural empirical framework three current issues of monetary policy in the euro area. First, regarding policy transmission we offer a three-stage procedure to combine the efficient estimation of economic structure prior to EMU with current ECB...
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Contents: 1. Jürgen von Hagen, Jean Pisani-Ferry - Forum Economique Franco-Allemand /Deutsch-Französisches Wirtschaftspolitisches Forum ...1 -- 2. Karel Lannoo - Financial Supervision in EMU ...3 -- 3. Charles Wyplosz - Economic Policy Coordination in EMU: Strategies and Institutions...36 --...
Persistent link: https://www.econbiz.de/10010515697
We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU … membership with that of countries that have recently joined the EU. Significant linkages exist between German base money stock … and that of recent members of the EU; the same holds true for some of the Mediterranean region candidates for EU …
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rate risk premiums in the EU candidate countries as they undergo monetary convergence to the eurozone. The underlying …
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