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Eurozone Dystopia traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that was deeply flawed and destined to fail. William Mitchell argues that the political class in Europe is trapped in a destructive groupthink. Based on a flawed understanding of macroeconomic fundamentals, groupthink extols the virtues of the erroneous concept of the self-regulating free market and prevents Europe from seeing its own policy failures. As a result, millions are unemployed, with imperilled member states caught in a cycle of persistent stagnation and rising social instability. Providing a detailed historical analysis of the evolution of the Eurozone and its failings from the 1940s to the present day, the book argues that the Eurozone lacks the necessary monetary architecture, particularly the existence of a federal fiscal function which could have resolved the economic crisis quickly. The author examines the options available to Europe and concludes that an orderly abandonment of the euro and a return to national currencies is the superior option available. The justification for this conclusion is exhaustively argued within a Modern Monetary Theory framework. This thoughtful and accessible account of Europe's economic woes will appeal to all those who are seeking an explanation for the crisis and are receptive to sensible and credible alternatives to the current scenario.

Eurozone. --- Monetary policy --- Euro area --- Euro zone --- Monetary unions --- Europäische Union.

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Het begrijpen van de oorzaken van volatiliteit in de hedendaagse financiële markten is enorm belangrijk. Door de gegevens van de periode van 2002 t.e.m. 2012 in een model te verwerken, probeert deze paper de verbanden te zoeken tussen de dagelijkse volatiliteit bij aandelenprijzen in de Eurozone en verschillende macro-economische variabelen. We gebruiken hiervoor een GARCH model dat de conditionele volatiliteit meet en een “Ordinary Least Squares”-regressie om significante determinanten te zoeken. Deze paper probeert ook diversificatie-opportuniteiten te zoeken door de verschillende sectoren te analyseren met behulp van de gekozen variabelen. De resultaten laten correlatie en een zekere voorspelbaarheid zien voor verschillende determinanten, maar de wisselwerking tussen de volatiliteiten van verschillende variabelen blijft moeilijk vast te leggen.

Commodities. --- Crisis. --- Euro zone. --- Exchange rates. --- GARCH. --- Interest Rates. --- S181-financiële-wetenschappen. --- Stock returns. --- Volatility.

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Euro area. --- European Union countries -- Economic conditions. --- European Union countries -- Economic policy. --- European Union countries --- Economic conditions. --- Economic policy. --- Euro area --- Euro zone --- Monetary unions --- Eurozone.

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This book explores historical data, analyzes current events from the world stage, and delivers a worldview that challenges some existing paradigms in business. As we are living business history, the book draws from the epic economic, environmental, and cultural shifts in our collective consciousness. The impact of these deep and rapid changes on companies, employees, and the global economy cannot be underestimated and future world leaders must be prepared to lead in a manner that is socially responsible, ethical, and profitable. A corporation with a business model that polarizes or operates solely in the interest of its shareholders is unsustainable. Current benchmarks are unrealistic tools for businesses to rely upon as measures of future success. The mindset of profitability at any cost is causing us to grapple with a historically unprecedented world crisis, which threatens civilization, as we know it. A widespread erosion of ethics and responsible behavior in the business world has resulted from a failure of society and institutions of higher education to instill and teach moral principles.

Social responsibility of business --- Capitalism --- Spirituality. --- Religious aspects. --- corporate social responsibility --- the UN compact --- leadership --- corporate governance --- sustainability --- ethics --- integrity --- the Euro zone --- fiscal crisis

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'The Future of the Euro' is an attempt by political economists to analyse the fundamental causes of the euro crisis, determine how it can be fixed, and consider what likely futures lie ahead for the currency. The book makes three interrelated arguments that emphasize the primacy of political over economic factors. It concludes that any successful long-term solution to the euro's predicament must start with the political foundations of markets.

Euro --- Eurozone --- Currency crises --- Financial crises --- Finance --- Business & Economics --- Money --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Currency question --- Foreign exchange --- Euro area --- Euro zone --- Monetary unions