000695875 000__ 04516cam\a2200505Ki\4500 000695875 001__ 695875 000695875 005__ 20230306135501.0 000695875 006__ m\\\\\o\\d\\\\\\\\ 000695875 007__ cr\cn\nnnunnun 000695875 008__ 131125s2014\\\\sz\a\\\\ob\\\\000\0\eng\d 000695875 019__ $$a865565024 000695875 020__ $$a9783319011714$$qelectronic book 000695875 020__ $$a3319011715$$qelectronic book 000695875 020__ $$z9783319011707 000695875 020__ $$z3319011707 (hd.bd.) 000695875 0247_ $$a10.1007/978-3-319-01171-4$$2doi 000695875 035__ $$aSP(OCoLC)ocn864023309 000695875 035__ $$aSP(OCoLC)864023309$$z(OCoLC)865565024 000695875 040__ $$aGW5XE$$beng$$erda$$epn$$cGW5XE$$dN$T$$dYDXCP$$dOCLCO$$dCOO 000695875 043__ $$ae------ 000695875 049__ $$aISEA 000695875 050_4 $$aHC241 000695875 08204 $$a332.4/94$$223 000695875 1001_ $$aTsionas, Efthymios G.,$$eauthor. 000695875 24514 $$aThe Euro and international financial stability$$h[electronic resource] /$$cEfthymios G. Tsionas. 000695875 264_1 $$aCham :$$bSpringer,$$c2014. 000695875 300__ $$a1 online resource (ix, 308 pages) :$$billustrations. 000695875 336__ $$atext$$btxt$$2rdacontent 000695875 337__ $$acomputer$$bc$$2rdamedia 000695875 338__ $$aonline resource$$bcr$$2rdacarrier 000695875 4901_ $$aFinancial and Monetary Policy Studies,$$x0921-8580 ;$$vvolume 37 000695875 504__ $$aIncludes bibliographical references. 000695875 5050_ $$aWhat 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. 000695875 506__ $$aAccess limited to authorized users. 000695875 520__ $$aAs 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. 000695875 588__ $$aDescription based on online resource; title from PDF title page (SpringerLink, viewed November 4, 2013). 000695875 650_0 $$aEurozone. 000695875 650_0 $$aDebts, Public$$zEurope. 000695875 651_0 $$aEurope$$xEconomic conditions. 000695875 77608 $$iPrint version:$$z9783319011707$$z3319011707 000695875 830_0 $$aFinancial and monetary policy studies ;$$vv.37. 000695875 85280 $$bebk$$hSpringerLink 000695875 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-01171-4$$zOnline Access 000695875 909CO $$ooai:library.usi.edu:695875$$pGLOBAL_SET 000695875 980__ $$aEBOOK 000695875 980__ $$aBIB 000695875 982__ $$aEbook 000695875 983__ $$aOnline 000695875 994__ $$a92$$bISE