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Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe's common currency … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … that others behave differently cannot be made to work by forcing everyone to behave like Germany. This fundamental …
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This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008-9, focusing on a select group of central banks - namely the Bank of England, the United States Federal Reserve System, the Bank of...
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At the start of 1999, a new policy regime was introduced in Europe that included the launch of the euro and the establishment of a centralized control over monetary policy common to the eleven European Union (EU) countries that decided to participate.(2) The objective of this paper is to assess...
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