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The Euro and The Geography of International Debt Flows

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NBER2014-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20033
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Greater financial integration between core and peripheral EMU members not only had an effect on both sets of countries but also spilled over beyond the euro area. Lower interest rates allowed peripheral countries to run bigger deficits, which inflated their economies by allowing credit booms. Core
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2014-04-01
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