Titlebook: European Monetary Union; Theory, Evidence, an Michael Carlberg Book 1999 Springer-Verlag Berlin Heidelberg 1999 European Central Bank.Europ

SLAG

提煉

Large Union and Rest of the Worldtwo regions, the monetary union and the rest of the world. We assume perfect capital mobility between the union and the rest of the world. Therefore the union interest rate agrees with the interest rate in the rest of the world r. = r.. It is worth emphasizing that here the world interest rate r bec

Foreshadow

性別

No Capital Mobility between Union and Rest of the Worldr, we assume that there is no capital mobility between the union and the rest of the world. The case of capital immobility can occur for two reasons. First, if foreign debt of the union exceeds a critical level. And second, if capital controls are introduced to prevent speculative attacks.

murmur

atopic-rhinitis