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The Euro and International Financial Stability

  • Efthymios G. Tsionas

Part of the Financial and Monetary Policy Studies book series (FMPS, volume 37)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Efthymios G. Tsionas
    Pages 1-3
  3. Efthymios G. Tsionas
    Pages 5-15
  4. Efthymios G. Tsionas
    Pages 17-19
  5. Efthymios G. Tsionas
    Pages 21-22
  6. Efthymios G. Tsionas
    Pages 23-26
  7. Efthymios G. Tsionas
    Pages 27-28
  8. Efthymios G. Tsionas
    Pages 29-35
  9. Efthymios G. Tsionas
    Pages 45-49
  10. Efthymios G. Tsionas
    Pages 51-55
  11. Efthymios G. Tsionas
    Pages 57-60
  12. Efthymios G. Tsionas
    Pages 61-63
  13. Efthymios G. Tsionas
    Pages 65-78
  14. Efthymios G. Tsionas
    Pages 79-84
  15. Efthymios G. Tsionas
    Pages 85-88
  16. Efthymios G. Tsionas
    Pages 89-97
  17. Efthymios G. Tsionas
    Pages 99-104
  18. Efthymios G. Tsionas
    Pages 105-117
  19. Efthymios G. Tsionas
    Pages 119-126
  20. Efthymios G. Tsionas
    Pages 127-129
  21. Efthymios G. Tsionas
    Pages 131-136
  22. Efthymios G. Tsionas
    Pages 137-147
  23. Efthymios G. Tsionas
    Pages 149-152
  24. Efthymios G. Tsionas
    Pages 153-163
  25. Efthymios G. Tsionas
    Pages 165-174
  26. Efthymios G. Tsionas
    Pages 175-184
  27. Efthymios G. Tsionas
    Pages 185-186
  28. Efthymios G. Tsionas
    Pages 187-192
  29. Efthymios G. Tsionas
    Pages 193-208
  30. Efthymios G. Tsionas
    Pages 209-214
  31. Efthymios G. Tsionas
    Pages 215-217
  32. Efthymios G. Tsionas
    Pages 219-229
  33. Efthymios G. Tsionas
    Pages 231-239
  34. Efthymios G. Tsionas
    Pages 241-245
  35. Efthymios G. Tsionas
    Pages 247-254
  36. Efthymios G. Tsionas
    Pages 255-263
  37. Efthymios G. Tsionas
    Pages 265-272
  38. Efthymios G. Tsionas
    Pages 273-277
  39. Efthymios G. Tsionas
    Pages 279-283

About this book

Introduction

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.

Keywords

Credit and Business Cycle Eurozone and European Union Financial Stability Hayek and von Mises Monetary Economics

Authors and affiliations

  • Efthymios G. Tsionas
    • 1
  1. 1.Athens University of Economics and BusinessAthensGreece

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-01171-4
  • Copyright Information Springer International Publishing Switzerland 2014
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-01170-7
  • Online ISBN 978-3-319-01171-4
  • Series Print ISSN 0921-8580
  • Series Online ISSN 2197-1889
  • Buy this book on publisher's site