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Archive » December 2016 » Monetary policy, sovereign spreads and fixed exchange rates: a vicious circle

Monetary policy, sovereign spreads and fixed exchange rates: a vicious circle

Francesco Caputo Nassetti
December 2016 - n. 12
Jel codes: E50, F30

15 years of European monetary policy, togheter with incomplete integration and the crisis, have created a mechanism that is transferring wealth from the poorest to the richest member countries. A new proposal is therefore necessary.

 

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