Can There be Stable Currencies After the Euro?

Mike Tsionas

Chapter Chapter 18 in The Euro and International Financial Stability, 2014, pp 105-117 from Springer

Abstract: Abstract The ECB during 2012 set a new mode of monetary and credit policy, amounting to new credit given at low interest rates of 1 % to be propagated into the system by selected commercial banks. We have shown that, despite its prospects, this policy is futile and will, in fact, result into a new recession. If we consider this as the first in a series of last attempts to save the essential unity of the Eurozone, the question begs itself: What will happen in the future?

Keywords: Interest Rate; Commercial Bank; Banking Sector; Public Debt; Monetary Union (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-01171-4_18

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DOI: 10.1007/978-3-319-01171-4_18

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