000 04523nam a22005055i 4500
001 978-3-319-01171-4
003 DE-He213
005 20200420211751.0
007 cr nn 008mamaa
008 131031s2014 gw | s |||| 0|eng d
020 _a9783319011714
_9978-3-319-01171-4
024 7 _a10.1007/978-3-319-01171-4
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aTsionas, Efthymios G.
_eauthor.
245 1 4 _aThe Euro and International Financial Stability
_h[electronic resource] /
_cby Efthymios G. Tsionas.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2014.
300 _aIX, 308 p. 5 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aFinancial and Monetary Policy Studies,
_x0921-8580 ;
_v37
505 0 _a1 Introduction -- 2 What Went Wrong With the Euro?.- 3 Public Debt: Introductory Remarks -- 4 Was the Eurozone an Acceptable Currency Union? -- 5 Preconditions of a Monetary Union -- 6 What Was the Theory Behind the Formation of EMU? -- 7 Will the Eurozone Dissolve Into Its Constituents? -- 8 Can There Be an Efficient Dissolution of a Monetary Union? -- 9 Complete Fiscal Freedom in the Transition Period? -- 10 Understanding Crises and Recessions -- 11 Will Bailouts Lead to a Dissolution of the Euro? -- 12 On the Destabilizing Effects of Bailouts -- 13 On Sound Money and Credit Conditions -- 14 The Case of Free Banking -- 15 The Explosion of Public Debts -- 16 The Current Policies of the ECB -- 17 Some Remarks on the Greek Problem -- 18 Can There Be Stable Currencies After the Euro? -- 19 The Gold Standard and Free Banking -- 20 An Unexpected Supporter of the Gold Standard -- 21 Fundamental Problems of the Eurozone -- 22 Stability and the Eurozone -- 23 Conditions for Genuine Financial and Monetary Stability -- 24 International Financial Stability -- 25 On Monetary Policies -- 26 A New Fiscal Policy? -- 27 The "Price Puzzle" -- 28 Re-Distributional Effects of Austerity Measures -- 29 Further Remarks on International Financial Stability -- 30 The Accommodation of Public Debt by Commercial Banks -- 31 The Consequence of the Market's Responses -- 32 Is Eurozone Effectively a Socialist Commonwealth? -- 33 Banking Efficiency -- 34 Banking and Regulation -- 35 Policy and Institutional Change in Southern Europe -- 36 Was the Euro a Bad or a Good Idea? -- 37 The Role of the Rate of Profit -- 38 International Industrial Structure -- 39 Capital Structure and Financial Stability -- 40 International Empirical Evidence on the ABC's of Recessions.
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 Hayek's Austrian tradition; additionally, substantive international empirical evidence supporting this Austrian approach is presented.
650 0 _aMacroeconomics.
650 0 _aEuropean Economic Community literature.
650 0 _aPublic finance.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aPublic Economics.
650 2 4 _aEuropean Integration.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319011707
830 0 _aFinancial and Monetary Policy Studies,
_x0921-8580 ;
_v37
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-319-01171-4
912 _aZDB-2-SBE
942 _cEBK
999 _c51262
_d51262