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The book critiques the collapse of the European Monetary Union established by the Maastricht Treaty, highlighting issues such as permanent rescue mechanisms and joint liability that have transformed it into a fiscal union with redistributive features. It raises concerns over bond-purchasing programs that threaten the independence of the European Central Bank. In response to these challenges, the author proposes a parallel currency concept aimed at restoring functionality to the common currency system.
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European Union and Monetary Union in Permanent Crisis II, Dirk Meyer
- Language
- Released
- 2022
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- (Paperback)
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- Title
- European Union and Monetary Union in Permanent Crisis II
- Subtitle
- Scenarios for the future of the euro
- Language
- English
- Authors
- Dirk Meyer
- Publisher
- Springer Fachmedien Wiesbaden
- Released
- 2022
- Format
- Paperback
- Pages
- 432
- ISBN13
- 9783658386450
- Category
- Business and Economics
- Description
- The book critiques the collapse of the European Monetary Union established by the Maastricht Treaty, highlighting issues such as permanent rescue mechanisms and joint liability that have transformed it into a fiscal union with redistributive features. It raises concerns over bond-purchasing programs that threaten the independence of the European Central Bank. In response to these challenges, the author proposes a parallel currency concept aimed at restoring functionality to the common currency system.