The Incomplete Currency. Marcello Minenna

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href="#litres_trial_promo">Figure 2.45 Phase 2 of the speculative attack on the Lira (August–September 1992)

      Figure 2.46 Phase 3 of the speculative attack on the Lira (August–September 1992)

      Figure 3.1 Eurozone inflation rate (1999–2007)

      Figure 3.2 % Growth rate of the GDP of some Eurozone countries (1999–2007)

      Figure 3.3 Budget deficit in terms of GDP for some Eurozone countries (2002–2007)

      Figure 3.4 Evolution of the real estate bubble in Spain (1998–2008)

      Figure 3.5 Normalised trend of the prices of new building in Ireland and the USA (1998–2008)

      Figure 3.6 Percentage weight of real estate taxes on total fiscal revenues–Ireland (2002–2007)

      Figure 3.7 Percentage weight of real estate taxes on total fiscal revenues–Ireland (Period 2002–2011)

      Figure 3.8 GDP change for some Eurozone countries in 2009

      Figure 3.9 Budget deficit in terms of GDP of some Eurozone countries (2008–2013)

      Figure 3.10 10-year government bonds' yields of various Eurozone countries

      Figure 3.11 Evolution of the real effective exchange rate of some Eurozone countries 1994–2014

      Figure 3.12 Evolution of the real financial effective exchange rate for some Eurozone countries: 2000–2014

      Figure 3.13 BTP-BUND spread vs difference in the cost of access to credit between Italian and German companies (2009–2014)

      Figure 3.14 BONOS-BUND spread vs difference in the cost of access to credit between Spanish and German companies (2009–2014)

      Figure 3.15 Evolution of the inflation rate in some Eurozone countries (2004–2014)

      Figure 3.16 Evolution of the inflation rate and the real interest rate in Italy (2004–2014)

      Figure 3.17 Evolution of the inflation and the real interest rate in Spain (2004–2014)

      Figure 3.18 Evolution of the inflation differential and of the real interest rate spread between Italy and Germany (2004–2014)

      Figure 3.19 Evolution of the inflation differential and of the real interest rate spread between Spain and Germany (2004–2014)

      Figure 3.20 Evolution of the interest rates differential and of the exchange rate: Italy–Germany (1993–1999)

      Figure 3.21 Evolution of the interest rates differential and of the exchange rate: Spain–Germany (1993–1999)

      Figure 3.22 Evolution of the interest rates differential and of the exchange rate: France–Germany (1993–1999)

      Figure 3.23 Evolution of CDS spread for Spain, Germany, Italy and France (July 2009–September 2012)

      Figure 3.24 Gross amount of traded sovereign CDS ($ billion)–US and Eurozone (August 2012)

      Figure 3.25 Gross outstanding amount of traded sovereign CDS with respect to national public debts (US and Eurozone–August 2012)

      Figure 3.26 Evolution of the Credit Default Swap spread for Spain, Germany, Italy and France (2009–2014)

      Figure 3.27 Gross amount of traded sovereign CDS ($ billion)–USA and Eurozone (August 2012 vs December 2014)

      Figure 3.28 Total financial assets/GDP ratio of the major world economies

      Figure 3.29 Comparison of the trends of the interest rates differential and of the (true and shadow) exchange rate for Italy and Germany

      Figure 3.3 °Comparison of the trends of the interest rates differential and of the (true and shadow) exchange rate for Spain and Germany

      Figure 3.31 Comparison of the trends of the interest rates differential and of the (true and shadow) exchange rate for France and Germany

      Figure 4.1 Target2 net balance for the peripheral and core Eurozone countries (1999–2014)

      Figure 4.2 Evolution of the current account /GDP ratio of the main Eurozone countries: 2002–2013

      Figure 4.3 Germany: trend of the cumulated per capita current account surplus and of the Target2 net balance: 2004–2014

      Figure 4.4 Italy: evolution of the financial account and some of its components (2004–2014)

      Figure 4.5 Spain: evolution of the financial account and some of its components (2004–2014)

      Figure 4.6 Italian government bonds held by the main Eurozone banking systems (2010–2014)

      Figure 4.7 Spanish government bonds held by the main Eurozone banking systems (2010–2014)

      Figure 4.8 Germany: evolution of the financial account and some of its components (2004–2014)

      Figure 4.9 Germany: Target2 net balance and financial account to the rest of the Eurozone (2004–2014)

      Figure 4.10 German government bonds held by the main Eurozone banking systems (2010–2014)

      

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