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As reformas monetárias e o euro

Author

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  • João Sousa Andrade

    (CeBER, Faculty of Economics, Universidade de Lisboa)

Abstract

The creation of the Euro is discussed in this text in the context of the monetary reforms historically proposed by economists. Our reflection is made in terms of monetary orders based on commodities, the consequences of the legal tender and not convertible money, and includes the proposals for the free money. The way the money supply is created, generating its own demand, is essential to understanding the new monetary order arising from the Euro. The 100 percent reserves reform, the Mervyn King’s proposal, and the extension of the function of lender of last resort are referred. We conclude by drawing attention to the need of an increased integration that leads to a more stable and credible Euro area, as well as to greater protection against financial shocks for Portugal after all.

Suggested Citation

  • João Sousa Andrade, 2017. "As reformas monetárias e o euro," Notas Económicas, Faculty of Economics, University of Coimbra, issue 45, pages 83-95, December.
    • Handle: RePEc:gmf:journl:y:2017:i:45:p:83:95
    DOI: 10.14195/2183-203X_45_5
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    More about this item

    Keywords

    Euro; monetary reforms; money supply; and monetary stabilization.;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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