1st Edition
The Euro in the 21st Century Economic Crisis and Financial Uproar
By Maria Lorca-Susino
Copyright 2011
334 Pages
by
Routledge
334 Pages
by
Routledge
Also available as eBook on:
The Euro in the 21st Century clarifies the perception of the euro and empirically demonstrates that the euro has become a true common currency and the Eurozone a true optimal currency area, presenting, in turn, a model to imitate. In order to demonstrate this, this study analyzes the economic and monetary requirements and policies required to introduce a common currency as well as the theoretical... Read more
Contents: Part I Historical and Theoretical Introduction to the Euro: Historical and theoretical considerations. Part II The Euro as a Common, International and Global Currency: an Empirical Study: The Euro as a common currency; Statistical analysis of the Euro as a stabilizer for the Eurozone; The Euro as an international and global currency. Part III The Euro and the Eurozone: Before, During, and After the First Economic Crisis of the 21st Century: The new monetary order of the 21st century; The Eurozone and its first economic crisis; The future of the Eurozone and the EU at a crossroads: coordination or breakup; The Euro in the 21st century: the need for a 'Euro index'. Part IV Conclusion: The Eurozone in the 21st century; Bibliography; Index
Biography
Maria Lorca-Susino, University of Miami, USA
'The topic of this book could not be more timely. In the wake of a global financial crisis, and in the midst of a euro zone crisis there is a pressing need for a new analysis of the euro and its role as an international currency. Lorca-Susino succeeds admirably in this regard.' David Stasavage, New York University, USA '...a well-documented and up-to-date analysis of the past, present and future role of the euro as the common currency for Europe. It investigates very diligently the history of the euro and the impact of the financial and economic crisis. Therefore, the book is obligatory reading for policymakers and scholars interested in European economic, financial and monetary integration.' Sylvester C.W. Eijffinger, Tilburg University, The Netherlands '... a useful introduction to the global currency markets. It contains much that is illuminating about the current state of the world order and particularly on the management by China of its exchange rate and trade surpluses.' Local Economy
