Euro
Subtitle: the beginning, the middle ... and the end?
By: edited by Philip Booth ; with contributions by Philip Booth [and others]
Series: IEA Hobart paperback -- 39; Hobart paperback -- 39.
Publisher: The Institute Of Economic Affairs
Published: 2013
Place of publication: London
Language: eng
Number of pages: 209
ISBN-13: 9780255366809; 9780255366830
Subjects: Euro; Monetary unions; Monetary policy; Wahrungsunion; Wahrungskrise; Wahrungspolitik; Europaisches Wahrungssystem; Eurozone; Economic and Monetary Union
Description: Examining the debate from when the euro was first introduced to the sources of its current problems, this book proposes radical solutions to resolve the long-running crisis of the European Monetary Union. Initially, free-market economists were generally supportive of the euro, believing it would reduce the tendency towards inflation and encourage economic reform. However, in this current analysis, the authors--a group of leading monetary economists--make it perfectly clear that if the members of the eurozone are to prosper in the long term, the status quo cannot continue. These nine essays explore topics that include the UK's decision not to join, the fate of past monetary unions, why the euro is failing, practical exit strategies, and a possible free-banking solution for the eurozone, among many more.
Notes: Includes bibliographical references.
Table of contents: title: 1. Introduction / Philip Booth; title: 2. Britain and the euro zone; title: a triumph of economics over politics / Patrick Minford; title: 3. The euro; title: the story of a suboptimal currency area / Jamie Dannhauser; title: 4. Lessons from monetary history / John Chown; title: 5. Better off in? / Andrew Lilico; title: 6. Saving monetary union? A market solution for the orderly suspension of Greece / Pedro Schwartz with Francisco Cabrillo and Juan E. Castaneda; title: 7. Managing the transition; title: a practical exit strategy / Neil Record; title: 8. Where should the euro zone 'club' go from here? How a return to credible and enforceable rules will sustain the monetary union / Bodo Herzog and Katja Hengstermann; title: 9. Back to the future: a free banking solution for the euro zone / Kevin Dowd.