Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Euro: A Common Currency or a Currency Board?

Contents:

Author Info

  • Costas, Antón
Registered author(s):

    Abstract

    In this article we ask why in the process of the formation of the common currency the necessary mechanisms were not incorporated in order to resolve crisis like this. Our hypothesis is that, contrary to what is often said, the euro has followed a model approaching that of the reforced “Currency Board” more than a common currency in the strict sense of the word. Secondly we ask if the current eurozone could go beyond the currency board logic to transform in the common currency logic. In this sense we pose the question to what extend the current sovereign debt crisis will end up being a integration crisis or on the contrary a disintegration crisis of the euro. We try to identify the determining factors that can make cause one effect or another. The conclusion is that a path towards a European common currency will be a hard and uncertain one. We sustain that the advance towards a economic government of the euro needs a new momentum. It won’t come from the present austerity plans. We think the reconstruction of the European project needs a new solidarity pact between all European countries. The integration of the youths must be the common objective to drive us a new momentum for the European political project.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.usc.es/econo/RGE/Vol21_ex/castelan/art1c.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by University of Santiago de Compostela. Faculty of Economics and Business. in its journal Revista Galega de Economía.

    Volume (Year): 21 (2012)
    Issue (Month): ex ()
    Pages:

    as in new window
    Handle: RePEc:sdo:regaec:v:21:y:2012:i:ex_1

    Contact details of provider:
    Postal: Avda Xoan XXIII S/N, 15704 Santiago de Compostela
    Web page: http://www.usc.es/econo/RGE/benvidag.htm
    More information through EDIRC

    Related research

    Keywords: Euro; Crisis of the euro; Crisis of 2008; Currency board; European integration;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:21:y:2012:i:ex_1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.