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Stability and the Eurozone

Mike Tsionas

Chapter Chapter 22 in The Euro and International Financial Stability, 2014, pp 137-147 from Springer

Abstract: Abstract The euro’s most significant advantage, from the Austrian point of view, is the enforcement of stability in exchange rates and the discipline that it imposes on governments that have the motives to be fiscally and monetary irresponsible. The point has been emphasized by de Soto (2012, “An Austrian defense of the Euro”, Ludwig von Mises Institute)

Keywords: Financial Institution; Systemic Risk; Commercial Bank; Banking Sector; Public Debt (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_22

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DOI: 10.1007/978-3-319-01171-4_22

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