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Sovereign spreads and financial market behavior before and during the crisis
(Faculty of Economics and Sociology of the University of Lodz, 2014)
This paper aims at shedding some light on the mechanisms of pricing the EMU countries’
sovereign bonds in financial markets. Employing the Augmented Mean Group (AMG)
estimator, we find that major changes have occurred ...
Monetary policy stress in EMU during the moderation and the global crisis
(Faculty of Economics and Sociology of the University of Lodz, 2014)
This paper re-examines the problem of monetary policy stress in the EMU, both prior to
the crisis as well as after its outbreak. It aims to (firstly) reconfirm that monetary policy
during the great moderation (i.e. until ...