The Euro and International Financial Stability, 2014 Financial and Monetary Policy Studies Series, Vol. 37

1 Introduction.- 2 What Went Wrong With the Euro?.- 3 Public Debt: Introductory Remarks.- 4 Was the Eurozone an Acceptable Currency Union?.- 5 Preconditions of a Monetary Union.- 6 What Was the Theory Behind the Formation of EMU?.- 7 Will the Eurozone Dissolve Into Its Constituents?.- 8 Can There Be an Efficient Dissolution of a Monetary Union?.- 9 Complete Fiscal Freedom in the Transition Period?.- 10 Understanding Crises and Recessions.- 11 Will Bailouts Lead to a Dissolution of the Euro?.- 12 On the Destabilizing Effects of Bailouts.- 13 On Sound Money and Credit Conditions.- 14 The Case of Free Banking.- 15 The Explosion of Public Debts.- 16 The Current Policies of the ECB.- 17 Some Remarks on the Greek Problem.- 18 Can There Be Stable Currencies After the Euro?.- 19 The Gold Standard and Free Banking.- 20 An Unexpected Supporter of the Gold Standard.- 21 Fundamental Problems of the Eurozone.- 22 Stability and the Eurozone.- 23 Conditions for Genuine Financial and Monetary Stability.- 24 International Financial Stability.- 25 On Monetary Policies.- 26 A New Fiscal Policy?.- 27 The "Price Puzzle".- 28 Re-Distributional Effects of Austerity Measures.- 29 Further Remarks on International Financial Stability.- 30 The Accommodation of Public Debt by Commercial Banks.- 31 The Consequence of the Market's Responses.- 32 Is Eurozone Effectively a Socialist Commonwealth?.- 33 Banking Efficiency.- 34 Banking and Regulation.- 35 Policy and Institutional Change in Southern Europe.- 36 Was the Euro a Bad or a Good Idea?.- 37 The Role of the Rate of Profit.- 38 International Industrial Structure.- 39 Capital Structure and Financial Stability.- 40 International Empirical Evidence on the ABC's of Recessions.