SLAG 发表于 2025-3-30 09:59:26

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提炼 发表于 2025-3-30 14:02:52

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 发表于 2025-3-30 19:53:47

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性别 发表于 2025-3-30 21:38:27

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 发表于 2025-3-31 02:44:32

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atopic-rhinitis 发表于 2025-3-31 07:03:07

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