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- W2088392866 abstract "Euro area countries suspended the excessive deficit procedure (EDP) of the Stability and Growth Pact in November 2003. Surprisingly perhaps, long-term European government bond-holders did not react: yields barely moved. Owing to its political nature, the EDP does not matter for investors. What matters is the implicit economic pact that investors have made with Member State governments." @default.
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- W2088392866 date "2006-12-01" @default.
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- W2088392866 title "The Political Stability and Growth Pact is Dead: Long Live the Economic Stability and Growth Pact" @default.
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- W2088392866 doi "https://doi.org/10.1111/j.1468-5965.2006.00670.x" @default.
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