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first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany … in other countries leading to a feedback on Germany. The paper provides a short overview over the basic model. The …
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an - even limited - flexibility of the nominal exchange rates. According to the theory of Optimal Currency Areas (OCA …
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an even limited - flexibility of the nominal exchange rates. According to the theory of Optimal Currency Areas (OCA), in …
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