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" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … construction on which the European member states operate. In this sense, the Treaty explains why the crisis in Europe is so deep … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …
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supranational monetary union. Finally, I develop policy recommendations for the ongoing debate in the Eurozone. …
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debt crisis on the supply of private sector credit is assessed. Controlling for banks' risk factors and credit demand, the … European sovereign debt crisis on credit supply. Moreover, a contraction in credit supply to non-financial corporates, but not …
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The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …
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