The Euro : a character in search of an author

Bill Lucarelli

    Research output: Chapter in Book / Conference PaperConference Paperpeer-review

    Abstract

    The aim of this article is to develop a chartalist critique of the prevailing economic theories that have informed the original design of the Euro-system. In order to understand the structural dynamics of the current crisis, it is necessary to examine the longstanding internal contradictions that the system has inherited from its inception under the Maastricht Treaty of 1992 and the neoliberal strategy, which has governed its evolution. More specifically, the dangerously self-reinforcing logic between speculative bond markets and the cascading, deflationary policies of austerity imposed on those countries encountering severe debt crises will also be examined to reveal the fragile foundations upon which the eurozone was constructed.
    Original languageEnglish
    Title of host publicationHeterodox Economics and the Crisis That Won’t Go Away : Proceedings of the 12th Australian Society of Heterodox Economists Conference, 2-3 December 2013, The University of New South Wales, Sydney, Australia
    PublisherSociety of Heterodox Economists
    Pages174-181
    Number of pages8
    ISBN (Print)9780733433757
    Publication statusPublished - 2013
    EventAustralian Society of Heterodox Economists Conference -
    Duration: 2 Dec 2013 → …

    Conference

    ConferenceAustralian Society of Heterodox Economists Conference
    Period2/12/13 → …

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