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Finance and Credit
 

European debt crisis and uniform currency

Vol. 18, Iss. 43, NOVEMBER 2012

Available online: 21 November 2012

Subject Heading: Financial system

JEL Classification: 

Pishchulov V.M. Doctor of Economic Sciences, Professor, Head of department "Economic Theory", the Ural State Forest Engineering University
dr.haust@mail.ru

The article is devoted to the problems of modern debt crisis in euro-zone. The processes proceeding in euro-zone, from positions of impact on economy of the fact of introduction and functioning of uniform currency are considered. The sequence of the events preceding introduction of uniform currency, and their further development indicate communication of the modern crisis phenomena with this fact. The position of the author consists in need of creation of multiple currency systems for overcoming of the crisis phenomena

Keywords: monetary system, single currency, euro area, multi-system liquidity of currency, currency, unit of account, debt burden on budget, money supply, uneven distribution of money supply on territories

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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