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Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Optimal monetary policy in open"

Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Optimal monetary policy in open"

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  • Fornaro, Luca; Grosse-Steffen, Christoph (2024-06)
    We provide a theory of financial fragmentation in monetary unions. Our key insight is that currency unions may experience endogenous breakings of symmetry: that is episodes in which identical countries react differently ...

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