Macroeconomic stabiliszation in the euro area: A role for development banks?
Izid: 2019 | Izid: 68 | Številka: 11 | Stran(i): 78-84
counter-cyclical policy credit cycles Development banking market failures
Development banks could play a role in the macroeconomic stabilization framework of the euro area in the absence of a common fiscal stabilization mechanism and with limited discretion of national fiscal policies.