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Banking and Monetary Policy from the Perspective of Austrian Economics

  • Annette Godart-van der Kroon
  • Patrik Vonlanthen

Table of contents

  1. Front Matter
    Pages i-xii
  2. Annette Godart-van der Kroon, Patrik Vonlanthen
    Pages 1-22
  3. Mises’s and Hayek’s Ideas on Banking and Monetary Policy from a Historical, Economic Point of View

  4. The Measures Taken by the ECB Considered in the Light of the Ideas of Mises and Hayek

  5. Proposed Monetary Reforms for the Future

About this book

Introduction

This book discusses contemporary banking and monetary policy issues from the perspective of the Austrian School of Economics. Based on the heritage of the Austrian school, leading scholars and practitioners offer a coherent diagnosis and analysis of the factors leading to Europe’s current financial crisis. The first part of the book discusses Ludwig von Mises’s and Friedrich August von Hayek’s ideas on banking and monetary policy from both historical and economic standpoints. It includes contributions on Austrian monetary dynamics and micro-foundational business cycle theory, von Mises’s concepts of liquidity and solvency of fractional-reserve banks, and liberalism of Austrian economics. The second part analyzes the measures taken by the European Central Bank (ECB) in light of the ideas of von Mises and Hayek. It includes contributions on non-neutrality of money, ECB monetary policy, and the future of the ECB. The third and final part presents discussions on monetary reforms, including contributions on Bitcoins, Cryptocurrencies and anti-deflationist Paranoia. 

Keywords

Friedrich August von Hayek Ludwig von Mises Austrian School of Economics European Monetary Union European Central Bank Methodological Individualism Marginalism European monetary policy Bubbles Asymmetric shocks Bitcoins Cryptocurrencies Anti-deflationist paranoia

Editors and affiliations

  • Annette Godart-van der Kroon
    • 1
  • Patrik Vonlanthen
    • 2
  1. 1.Ludwig von Mises Institute EuropeBrusselsBelgium
  2. 2.Swiss Mises InstituteZürichSwitzerland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-75817-6
  • Copyright Information Springer International Publishing AG, part of Springer Nature 2018
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-75816-9
  • Online ISBN 978-3-319-75817-6
  • Buy this book on publisher's site