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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...
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a unified euro interbank market, outstanding public debt has been redenominated in euro, trading conventions harmonised …With the successful launch of the euro, the previously national interbank bank markets have been integrated at once in …, and all EMU stock markets have started quoting in euro. This does not, however, bring Euroland at once to a US …
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