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Can Macroeconomics and Ideology Be Separated? Some Experiences from Europe and the Nordic Countries
Published 2016-03-01“…Therefore, it is explicitly stated within the Treaty of Lisbon that the board of directors of the European Central Bank must not take any direct instructions from the European Council to secure objectivity in the European monetary policy. …”
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183
The proportionality of monetary policy as a macro-juristic theory
Published 2020-01-01“…The role of monetary policy has increased up to the point that the European Central Bank has established so-called unconventional monetary policies, including unprecedented asset purchase programmes within the public and private debt sector of the EU. …”
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184
Austerity as the Solution to the Eurozone Crisis: Analysing the Ordo-Liberal Pre-Eminence over Contending Framings of the Crisis
Published 2019-02-01“…Just as the persuasive power of ordo-liberals upon national heads of state, along with the European Central Bank and the European Commission are the main reasons for the success of the ordo-liberal political entrepreneurs, likewise the longevity of the ordo-liberal framing can be explained through an examination of the interplay of politics and ideologies.…”
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185
ECB Monetary Policy and consequences in the European Monetary Union
Published 2015-04-01“…In 2011, one of the most influential authors, Werner Sinn, argued that the European Central Bank (ECB) was financing the current account deficits in the periphery countries and for this reason, the TARGET2 imbalances were dangerously increasing the risk in core countries. …”
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186
Unconventional Monetary Policy and Bank Risk Taking in Euro Area
Published 2016-01-01“…The aim ofthis paper is to analyse the impact of European Central Bank unconventional instruments,measured using the change in its balance sheet, on the bank risk-taking of commercial banks fromEurozone, captured by Z-Score. …”
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187
An Appraisal on the Earlier Euro Adoption by the New Member States in the Frame of the Current Global Economic and Financial Crisis
Published 2010-06-01“…On the verge of thefinancial crisis, the European Central Bank overruled the Central and Eastern European member states’ intentions for an earlier adoption of the euro, requiring compliance with the Maastricht criteria. …”
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188
EUROZONE AND THE LOW INFLATION RISK
Published 2015-06-01“…The very low inflation in the Eurozone is, probably, the greatest challenge the European Central Bank has been handling since overcoming the 2008 crisis. …”
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189
Negative interest rates, excess reserves and tiering of the ECB: How heavily are banks burdened?
Published 2020-05-01“…Abstract The European Central Bank (ECB) reduced its deposit rate into negative territory in June 2014. …”
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190
Testing the Nonlinearity of the Phillips Curve. Implications for Monetary Policy
Published 2010-04-01“…This suggests that the optimal choice for European Central Bank should be a fixed inflation targeting, while the National Bank of Romania's monetary policy strategy should aim a flexible inflation targeting.…”
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191
The costs and risk of introduction of the euro in Poland
Published 2012-09-01“…The scale of adverse effects depends, among other factors, on decisions made by the European Central Bank, effectiveness of adjustment mechanisms and types of shocks. …”
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192
Foreword
Published 2018-10-01“…A globally warning issued in September 2018 by the former president of the European Central Bank, Frenchman Jean-Claude Trichet says the world economy is exactly the way ahead of the economic crisis of 2008. …”
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193
Let the Digital Euro Circulate: Introducing a Retail C.B.D.C. in the Eurozone With Unlimited Holdings by Users
Published 2023-05-01“…The European Central Bank (E.C.B.) anticipates including a holding limit of about e3,000 per user within the design of its potential retail central bank digital currency for the Eurozone, the digital euro. …”
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194
THE INTERNAL BALANCE OF THE EU NEW MEMBER STATES DURING THE FINANCIAL AND ECONOMIC CRISIS: A CASE STUDY OF THE IMPORTANCE OF FOREIGN CAPITAL INFLOW STRUCTURE
Published 2013-03-01“…The paper is based on analysis of data from official sources: Eurostat, the European Central Bank and the World Bank.…”
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195
INTERVENTION PROGRAMS IN THE MONETARY POLICY OF THE EUROSYSTEM
Published 2019-12-01“…The research is based on analysis of European Central Bank documents and analytical studies of the Polish National Bank concerning non-standard instruments of financial policy. …”
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196
The Great Depression and the Great Recession: A Comparative Analysis of their Analogies
Published 2014-06-01“…These decades were also characterized by the consolidation of the powers of young central banks (the Federal Reserve System in the 1920s and the European Central Bank in the 2000s), by unsuccessful attempts to control market speculation, by their international dimensions, and by the eruption of crises after the failure of a major American financial institution that could have been avoided. …”
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197
Troika's Portuguese Ministry of Justice Experiment: Dissipation of Doubts about Success, Continuation and Confirmation of Positive Results
Published 2019-08-01“…This research addresses the results obtained in the civil enforcement actions arising from objectives included in the Memorandum of Understanding (MoU) signed between Portugal and the so-called Troika (International Monetary Fund / European Commission / European Central Bank). The empirical study was extended to cover the quantitative analysis of the results achieved not only during the Troika period but also during the post-Troika period. …”
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198
SUPERVISION OF CREDIT INSTITUTIONS SIGNIFICANT RISKS TO FINANCIAL STABILITY
Published 2014-12-01“…Accession of Romania to Union Banking requires the signing of a linked protocol between the central bank and European Central Bank regarding prudential supervision to ensure financial stability. …”
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199
Inflazione, disoccupazione e banca centrale: temi per una riconsiderazione critica (Inflation, unemployment and the Central Bank: Themes for a critical reappraisal)
Published 2012-04-01“…A critical reappraisal of the explanation of inflation is now particularly important since the European Central Bank will become operative at the be-ginning of the next year. …”
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200
NOMINAL CONVERGENCE CRITERIA AND THEIR LEVEL OF PERFORMANCE IN ROMANIA AND EU COUNTRIES
Published 2011-01-01“…One possiblecourse of action would be that the European Central Bank financially supports the Centraland East European countries that really need this help, treating them as membres “defacto”of the euro zone. …”
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