The Effects of Alternative Currencies to National Economies: The European Experience

Spyros Roukanas and Pantelis Sklias ()
Additional contact information
Pantelis Sklias: University of Peloponnese

A chapter in Economy, Finance and Business in Southeastern and Central Europe, 2018, pp 21-33 from Springer

Abstract: Abstract The international economic crisis has affected European countries in many ways. Certain countries like Spain and Ireland are facing negative effects to their national economies because of their banking systems and real estate bubbles. On the other hand, Greece, Italy and Portugal are facing the consequences of fiscal imbalances and high debt. Greece in the recent past has confronted the possibility of an exit from the eurozone (Grexit). Under these circumstances the European economies are looking for policies in order to overcome the negative effects of prolonged recession or stagnation to their national economies. The aim of this article is to study the development of alternative currencies for the European Union in two phases. Initially, we study the development of alternative currencies after the adoption of the euro as the official currency of the eurozone and the replacement of national currencies in 2002. The second phase is the manifestation of the world economic crisis, 2007 until 2016. The study of alternative currencies will reveal whether they constitute an alternative option in order to strengthen national economies in the context of the euro area.

Keywords: Alternative currencies; Eurozone; Economy (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-70377-0_2

Ordering information: This item can be ordered from
http://www.springer.com/9783319703770

DOI: 10.1007/978-3-319-70377-0_2

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().