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Expenditure? IMF Working Paper , No. 13/ 162 . Afonso , A. – Gonzalez Alegre , J. ( 2008 ): Economic Growth and Budgetary Components . A Panel Assessment for the EU. ECB Working Paper

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. Clark , P.B. — Tamirisa , N. — Wei , S.-J. — Sadikov , A. — Zeng , L. ( 2004 ): Exchange Rate Volatility and Trade Flows — Some New Evidences . IMF Occasional Paper, 235

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Requirements . Banque de France, Débats économiques et financiers, No. 8. Claessens , S. ( 2014 ): An Overview of Macroprudential Policy Tools . IMF Working Papers, WP/14

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2004 Keen, Michael — Yitae, Kim — Varsano, Ricardo (2006): The “Flat Tax(es)”: Principles and Evidence . IMF Working Paper 06/218, Washington

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Currency Crises Predictable ? A Test. IMF Staff Paper No. 2. Blackburn , K. and Sola , M. ( 1993 ): Speculative Currency Attacks and Balance of Payments Crises . Journal of Economic

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/2001 Gulde, A. M., KäKönen, J., Keller, P. (2000): Pros and Cons of Currency Board Arrangements in the Lead-up to EU Accession and Participation in the Euro Zone. Mimeo. IMF Policy Discussion Paper, PDP/00/1. Frankel, J. A. (1999

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2008 A fair and substantial contribution by the financial sector , IMF final report for the G-20, June 2010. 52. COM(2011

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. ( 2012 a): European Fiscal Union: A Vision for the Long Run . Presentation at the Gerzensee Conference, November 1–2, IMF Fiscal Affairs Department, https://www.imf.org/external/np/speeches/2012/110112.htm

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, Athens, June 25–28, 2008. Hilbers, P. — Otker-Robe, I. — Pazarbasioglu, C. — Johnsen, G. (2005): Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies. IMF Working Paper , 151

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497 513 Caruana, J. (2014): Global liquidity: Where do we stand, and why it matters. IMFS Distinguished Lecture at Goethe University Frankfurt , 5 March 2014

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