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The following analysis of the 1992/93 crisis of the European Monetary System finds that the unfolding of the single market dynamics will make European Monetary Union a difficult stage to achieve. Further monetary integration is only feasible if full employment and sustained growth are achieved...
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—the envisaged leaving of the EU by the United Kingdom. The gravity equation estimated subsequently allows one to consider the case … of BREXIT and the broader role of EU membership and other variables. Looking at the period from 1985 to 2012 for a … variables of the EU/EU single-market membership of the source country and of the host country, we further consider the role of …
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