Financial and Monetary Policy Studies

The Euro and International Financial Stability

Authors: Tsionas, Efthiomios

  • ​Analysis of international financial stability in the context of Austrian economics
  • Examines the future of the Euro and the European Union
  • Introduction to the Austrian economists’ way of thinking (Hayek and von Mises)
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eBook $139.00
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  • ISBN 978-3-319-01171-4
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  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-3-319-01170-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 14, 2016
  • ISBN 978-3-319-37766-7
  • Free shipping for individuals worldwide
About this book

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.

About the authors

Efthymios (Mike) Tsionas is Professor of Economics at the Athens University of Economics and Business. He obtained his Ph.D. from the University of Minnesota (1994) and served as alternate member of the Economic and Financial Committee of the European Union (1997-2000). He has more than 100 academic publications in such journals as Review of Economic Studies, Journal of the American Statistical Association, Journal of Econometrics, Journal of Applied Econometrics, Econometrics Journal, Journal of Development Economics, Oxford Bulletin of Economic and Statistics, Advances in Econometrics etc.

Table of contents (40 chapters)

  • Introduction

    Tsionas, Efthymios G.

    Pages 1-3

  • What Went Wrong with the Euro?

    Tsionas, Efthymios G.

    Pages 5-15

  • Public Debt: Introductory Remarks

    Tsionas, Efthymios G.

    Pages 17-19

  • Was the Eurozone an Acceptable Currency Union?

    Tsionas, Efthymios G.

    Pages 21-22

  • Preconditions of a Monetary Union

    Tsionas, Efthymios G.

    Pages 23-26

Buy this book

eBook $139.00
price for USA (gross)
  • ISBN 978-3-319-01171-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-3-319-01170-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 14, 2016
  • ISBN 978-3-319-37766-7
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
The Euro and International Financial Stability
Authors
Series Title
Financial and Monetary Policy Studies
Series Volume
37
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-01171-4
DOI
10.1007/978-3-319-01171-4
Hardcover ISBN
978-3-319-01170-7
Softcover ISBN
978-3-319-37766-7
Series ISSN
0921-8580
Edition Number
1
Number of Pages
IX, 308
Number of Illustrations and Tables
5 b/w illustrations
Topics