The Euro and international financial stability [electronic resource] / Efthymios G. Tsionas.
Tsionas, Efthymios G., author.
2014
HC241
Available Online

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Title The Euro and international financial stability [electronic resource] / Efthymios G. Tsionas.
Author Tsionas, Efthymios G., author.
ISBN 9783319011714 electronic book
3319011715 electronic book
9783319011707
3319011707 (hd.bd.)
DOI https://doi.org/10.1007/978-3-319-01171-4
Published Cham : Springer, 2014.
Language English
Description 1 online resource (ix, 308 pages) : illustrations.
Item Number 10.1007/978-3-319-01171-4 doi
Call Number HC241
Dewey Decimal Classification 332.4/94
Summary As a result of the financial crisis, the weaknesses of the Eurozone, including the public debt crisis, materialized in severe depressions in certain of its country members. In this monograph, the author analyzes structural weaknesses of the Eurozone and argues that they can be traced to (i) institutional differences, (ii) differences in the economic structures, (iii) the fundamental inability of European Bureaucracy to deal with crises, and (iv) the extreme rigidity of markets which prevents a general equilibrium in product and credit markets. He concludes that whether the Eurozone is sustainable, depends on future monetary and credit policies, and discusses the implications of reforming it in the best interest of the international banking and financial system. The recent policies of the ECB of cheap credit expansion are examined in detail. The approach of the work is along the lines of von Mises and Hayeks Austrian tradition; additionally, substantive international empirical evidence supporting this Austrian approach is presented.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Description based on online resource; title from PDF title page (SpringerLink, viewed November 4, 2013).
Series Financial and monetary policy studies ; v.37.
Available in Other Form Print version: 3319011707
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What Went Wrong With the Euro?
Public Debt: Introductory Remarks
Was the Eurozone an Acceptable Currency Union?
Preconditions of a Monetary Union
What Was the Theory Behind the Formation of EMU?
Will the Eurozone Dissolve Into Its Constituents?
Can There Be an Efficient Dissolution of a Monetary Union?
Complete Fiscal Freedom in the Transition Period?
Understanding Crises and Recessions
Will Bailouts Lead to a Dissolution of the Euro?
On the Destabilizing Effects of Bailouts
On Sound Money and Credit Conditions
The Case of Free Banking
The Explosion of Public Debts
The Current Policies of the ECB
Some Remarks on the Greek Problem
Can There Be Stable Currencies After the Euro?
The Gold Standard and Free Banking
An Unexpected Supporter of the Gold Standard
Fundamental Problems of the Eurozone
Stability and the Eurozone
Conditions for Genuine Financial and Monetary Stability
International Financial Stability
On Monetary Policies
A New Fiscal Policy?
The "Price Puzzle"
Re-Distributional Effects of Austerity Measures
Further Remarks on International Financial Stability
The Accommodation of Public Debt by Commercial Banks
The Consequence of the Market's Responses
Is Eurozone Effectively a Socialist Commonwealth?
Banking Efficiency
Banking and Regulation
Policy and Institutional Change in Southern Europe
Was the Euro a Bad or a Good Idea?
The Role of the Rate of Profit
International Industrial Structure
Capital Structure and Financial Stability
International Empirical Evidence on the ABC's of Recessions.

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