Parallel Currency as the Solution to Macroeconomic Imbalances of Countries in the Eurozone

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

čeština

Název v původním jazyce

Parallel Currency as the Solution to Macroeconomic Imbalances of Countries in the Eurozone

Popis výsledku v původním jazyce

This paper studies The Theory of Optimum Currency Areas (OCA) as the theoretical foundation of monetary integration in European Union. Current Eurozone problems pose questions which are not sufficiently answered within the OCA theory. A significant one is a possible introduction of a parallel currency while keeping the euro for specific purposes for a limited period of time. As the key contribution of this paper we provide a basic concept which, when properly developed, could lead to establishing a parallel currency market in several Eurozone states. We propose an arrangement where the Euro and a parallel currency both have its own purpose. Common currency should be used mainly in public sector in non-cash form while a new parallel currency in privatesector in the form of "no-name" certificates. Main purpose of introduction of parallel currency is to boost economic growth and increase competitiveness through its devaluation. We also outline benefits and costs of establishing a paralle

Název v anglickém jazyce

Parallel Currency as the Solution to Macroeconomic Imbalances of Countries in the Eurozone

Popis výsledku anglicky

This paper studies The Theory of Optimum Currency Areas (OCA) as the theoretical foundation of monetary integration in European Union. Current Eurozone problems pose questions which are not sufficiently answered within the OCA theory. A significant one is a possible introduction of a parallel currency while keeping the euro for specific purposes for a limited period of time. As the key contribution of this paper we provide a basic concept which, when properly developed, could lead to establishing a parallel currency market in several Eurozone states. We propose an arrangement where the Euro and a parallel currency both have its own purpose. Common currency should be used mainly in public sector in non-cash form while a new parallel currency in privatesector in the form of "no-name" certificates. Main purpose of introduction of parallel currency is to boost economic growth and increase competitiveness through its devaluation. We also outline benefits and costs of establishing a paralle

Druh

C - Kapitola v odborné knize

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

Eurozone and its neighbors: the third year of crisis.

ISBN

978-80-87106-60-0

Počet stran výsledku

10

Strana od-do

77-86

Počet stran knihy

234

Název nakladatele

Martin Stříž Publishing

Místo vydání

Bučovice

Kód UT WoS kapitoly

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