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But some economists feel that the markets have gotten it wrong: the euro will be strong because the European Central Bank (ECB) will want to build a reputation for monetary stability from the very start and because the EMU currency will benefit from a large portfolio redistribution against the U.S. dollar.
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The redistribution process sets a designated frequency to evaluate the portfolio.
In the following I will show that, with a zero risk-free rate, for an equilibrium in the no-tax economy there exists an equilibrium in the tax economy in which agents circumvent redistribution through the capital gains tax and through the transfer payments using the same portfolio rule as in Kruschwitz and Löffler (2009).
At the same time as he was given the cities portfolio earlier this year, Taylor's southern NSW seat of Hume was pushed further north towards Sydney after a redistribution.
Redistribution is vigorous.
This is redistribution.
Redistribution is essential.
Redistribution is often tricky.
Not so with redistribution.
That means redistribution.
"Redistribution" does badly too.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com