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Breaking up the euro : the end of a common currency

紀錄類型:	書目-電子資源 : 單行本
副題名:	the end of a common currency
作者:	ChorafasDimitris N.,
出版地:	New York
出版者:	Palgrave Macmillan;
出版年:	2013
面頁冊數:	1 online resource
標題:	Monetary policy - European Union countries. -
標題:	Bank liquidity - European Union countries. -
標題:	Bank reserves - European Union countries. -
標題:	Eurozone. -
標題:	BUSINESS & ECONOMICS / Finance -
電子資源:	http://www.palgraveconnect.com/doifinder/10.1057/9781137332295
附註:	Description based on print version record
摘要註:	The drama of the common currency is a hot topic. The Euro was planned for the European Union's member states, bringing economically strong nations like Germany and Holland and weaker nations like Greece, Spain and Italy under one set of currency rules. A dozen years of its implementation has shown that the planning was incomplete at best. Add to this the weight of a deepening debt crisis among western nations, which continues unabated, and Europe has a very deep financial hole to climb out of. In this work, Dimitris N. Chorafas provides the reader with evidence to poor political judgment, then delves into preparation for the foreseeable Euro breakup and confronts the redenomination risk associated to it.
ISBN:	9781137332295electronic bk.
ISBN:	1137332298electronic bk.
內容註:	1. The Break-up of the Euro Is a Probable 'Impossibility' 2. The Lack of Leadership is Deeply Felt in Western Countries 3. The 19th 'Summit's' Miracle Weapons; June 28/29, 2012 4. ECB, EFSF, ESM, Eurobonds and Political Horse Trading 5. Throwing Money to a Four-Letter Wind: LTRO 6. Fiscal Compact and Outright Monetary Transactions 7. TARGET2. The Creeping Risk of a Financial Nuclear Bomb 8. Redenomination Risk Following a Euro Break-up.
內容註:	The break-up of the euro is a probable "impossibility" The start of deglobalization Every economy is sick in its own way Was political action an honest brokerage or a trap? Has euroland been a big political mistake? Default on debt which is no more "domestic" The lack of leadership is deeply felt in western countries Emu and the bubble of eldorado riches Europe is paying the price of mismanagement Spending time and money on useless "summits" If it's a casino society, take me to Las Vegas Crisis meetings of chiefs of state without tangible results When Europe is stalling the field is open to folklore The 19th "summit's" miracle weapons : June 28/29, 2012 Throwing the dice in Brussels Monti's delight and Merkel's sorrow Troubled countries relief program With storm clouds over euroland : it's no time for miracle weapons Euroland's banking union The pains of the Italian economy The pains of the Spanish economy and of its banking industry ECB, EFSF, ESM, eurobonds and political horse trading The European financial stability facility European stability mechanism Leveraging euroland's funds is wrong way risk Dead cat walking : eurobonds The French connection Throwing money to a four-letter wind : LTRO Long term refinancing operation : the Sarkozy trade Euroland's drift to financial mismanagement The destination of LTRO funds is as important as their amount LTROs have moral hazard How the powerful beclme powerless Fiscal compact and outright monetary transactions The fiscal compact is an upgraded stability and growth pact What the fiscal compact might worth in the longer term? Economic problems mount as sovereigns lose their luster European banking industry and the Liikanen committee Outright monetary transactions (OMT) Why OMT may end up in a fiasco Target2. The creeping risk of a financial nuclear bomb Target2 imbalances are still on the rise Breaking through the austerity wall with target2 The creeping risk of financial imbalances can destroy the euro Aftereffect of chronic surpluses and deficits in ECB books Without the german economy euroland is off the rails Exit Germany? Redenomination risk following a euro break-up The euro could destroy the EU Lex monetae. The legality of abandoning the euro Redenomination risk by classes of assets and liabilities Can a fiscal union be the solution? What a fiscal union cannot do, a political union might Conclusion.

Breaking up the euro : the end of a common currency
Chorafas, Dimitris N.

Breaking up the euro : the end of a common currency / Dimitris N. Chorafas. - New York : Palgrave Macmillan, 2013. - 1 online resource.
1. The Break-up of the Euro Is a Probable 'Impossibility'The break-up of the euro is a probable "impossibility".
Description based on print version record.
ISBN 9781137332295ISBN 1137332298
Monetary policyBank liquidityBank reservesEurozone.BUSINESS & ECONOMICS / Finance -- European Union countries. -- European Union countries. -- European Union countries.

Breaking up the euro : the end of a common currency
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