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The main rationale for fiscal policy rules is the concern for long-term sustainability of public finances, that in a monetary union may affect the other members. Among many other criticisms, the Stability and Growth Pact (SGP) has been seen as contradictory or incomplete because it focuses on...
Persistent link: https://www.econbiz.de/10010491579
Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This … holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated … by arms’ length (capital-market oriented) interaction between providers and users of funds, in Europe, in many cases …
Persistent link: https://www.econbiz.de/10012051211
largely around the rather simplistic and binary comparison between bank-based versus market-based financial systems. The Great …
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We examine whether the financial strength of companies, in particular, small and medium-sized enterprises (SMEs) is causally linked to the award of a public procurement contract (PP), especially in the environmentally friendly green area (GPP), For this purpose, we build a combined procurement...
Persistent link: https://www.econbiz.de/10014234974
The main rationale for fiscal policy rules is the concern for long-term sustainability of public finances, that in a monetary union may affect the other members. Among many other criticisms, the Stability and Growth Pact (SGP) has been seen as contradictory or incomplete because it focuses on...
Persistent link: https://www.econbiz.de/10010377678
Persistent link: https://www.econbiz.de/10010377729