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Can There be Stable Currencies After the Euro?

In: The Euro and International Financial Stability

Author

Listed:
  • Efthymios G. Tsionas

    (Athens University of Economics and Business)

Abstract

The ECB during 2012 set a new mode of monetary and credit policy, amounting to new credit given at low interest rates of 1 % to be propagated into the system by selected commercial banks. We have shown that, despite its prospects, this policy is futile and will, in fact, result into a new recession. If we consider this as the first in a series of last attempts to save the essential unity of the Eurozone, the question begs itself: What will happen in the future?

Suggested Citation

  • Efthymios G. Tsionas, 2014. "Can There be Stable Currencies After the Euro?," Financial and Monetary Policy Studies, in: The Euro and International Financial Stability, edition 127, chapter 0, pages 105-117, Springer.
  • Handle: RePEc:spr:fimchp:978-3-319-01171-4_18
    DOI: 10.1007/978-3-319-01171-4_18
    as

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