The Euro and International Financial Stability (Hardcover, 2014 ed.)

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 Hayek's Austrian tradition; additionally, substantive international empirical evidence supporting this Austrian approach is presented.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Financial and Monetary Policy Studies, 37
Release date:	November 2013
First published:	2014
Authors:	Efthymios G. Tsionas
Dimensions:	235 x 155 x 22mm (L x W x T)
Format:	Hardcover
Pages:	308
Edition:	2014 ed.
ISBN-13:	978-3-319-01170-7
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > Economic systems > General Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General Promotions
LSN:	3-319-01170-7
Barcode:	9783319011707

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