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institutional competitioninfluence capitalcapital marketmarket integrationintegration productionproduction marketmarket structuresstructures capitalcapital incomeincome taxationtaxation asymmetricasymmetric countriescountries institutionalcompetition versusversus centralizationcentralization quovadis europeeurope institutionalcompetition conceptconcept europeeurope monetarymonetary overhangoverhang dynamicsdynamics pricesprices exchangeexchange ratesrates incomeincome intheinthe transitiontransition marketmarket economyeconomy
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