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Stability and the Eurozone

In: The Euro and International Financial Stability

Author

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  • Efthymios G. Tsionas

    (Athens University of Economics and Business)

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)

Suggested Citation

  • Efthymios G. Tsionas, 2014. "Stability and the Eurozone," Financial and Monetary Policy Studies, in: The Euro and International Financial Stability, edition 127, chapter 0, pages 137-147, Springer.
    • Handle: RePEc:spr:fimchp:978-3-319-01171-4_22
    DOI: 10.1007/978-3-319-01171-4_22
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