Skip to main content

The Single European Financial Market: Euro-Zone Debt Crises and Its Regulations | Chapter 01 | Emerging Issues and Development in Economics and Trade Vol. 1

The intent of this work is to present the single European financial market and discuss the pros and cons of its integration in the European Union, the Euro-zone debt crises, its strict regulations (austerities), and its effect on the member-nations’ economies, financial institutions, financial markets, employment, national wealth, and social welfare. An efficient (uncorrupted) financial market might increase return, reduce risk, improve investment, production, and liquidity in the economy, but at the same time, inefficient monetary policies can cause bubbles, unemployment, dependency on foreign capital and multinational firms, and the worst of all the investors lose their wealth and the social welfare is declining. Governments have to increase regulations and improve efficiency of the financial market. Financial markets and institutions (investment banks) have proved recently, with the latest financial (debt) crisis, which has been created by the uncontrolled private institutions that they cannot improve stability and certainty. The financial market is a source of long term capital, but banks can provide similar and less risky services. The European integration with its dubious Maastricht criteria and the common currency, among different nations, have created an enormous social cost to the member-nations and their benefits are too small to cover it; especially, the loss of public policy (fiscal, monetary, and trade), the forced privatizations, the Troika’s austerities for the members and the destruction of the sovereign nations are irreplaceable. The optimal level of integration of the European financial markets and the prevention of its crises are the ones that can maximize the social welfare of the member-nations.

Author(s) Details

Dr. Ioannis N. Kallianiotis
Department of Economics and Finance, The Arthur J. Kania School of Management, University of Scranton, Scranton, PA 18510-4602, USA.

View Volume: https://doi.org/10.9734/bpi/eidet/v1

Comments

Popular posts from this blog

Empowerment and Leader Member Exchange towards Organizational Citizenship Behavior Readiness among Government Workforce in Malaysia | Book Publisher International

  State agencies are among the most significant entities that represent the public's needs, and their programmes are essential to a state's and the nation's economic growth and development. State agencies have been rife by public concerns for years, as demonstrated by the Public Complaints Bureau, as problems of inefficiency in service quality and delivery have yet to meet the public's standards. With the support of 15 employees from state agencies on Malaysia's east coast, this study aims to achieve three targets. The first and second objectives are to investigate the ties between leader-member exchange (LMX) and OCB empowerment. The final aim is to define the most significant factors that affect OCB willingness. A total of 288 people took part in the survey, which was conducted using a cluster sampling process. The survey items had achieved the necessary reliability, according to the pilot test results, and some sub-dimensions were renamed after factor analysis.

Re-asserting Cultural Perspectives: Old People and New Ideas in Bole Butake’s Lake God and The Survivors and Sankie Maimo’s Succession in Sarkov | Chapter 10 | Perspectives of Arts and Social Studies Vol. 2

African cultures have undergone transformations from the colonial period to the present, often to the detriment of its cultural evolution and within the larger global community. As it were, colonial education subordinated African communalism and created in its place an anti-African spirit evident in the assimilation of western values. This did not only end up in a kind of cultural betrayal, but also posed as a serious threat to the dignity and identity of the people. Those who fall prey to this kind of cultural imperialism are the young people who are often irrationally carried away by western fashion and modes that they tend to neglect and/or forget their cultural ways of life as they join the race of “progress.” This situation has given rise to a conscious effort by creative writers to re-assert and protect African values while at the same time liberating themselves from the longstanding western effort at suppressing, controlling and dominating their thoughts particularly through n

The Utilization of Agro-Waste: A Nanobiotechnology Point of View | Chapter 10 | Recent Advances in Biological Research Vol. 5

Aims: To review the utilization of agro-waste in the eco-friendly synthesis of nanoparticles and their biomedical, catalytic and industrial applications. Study Design: A review. Place and Duration of Study: This review was carried out in the interim of three weeks exploiting all relevant data, literature and publications where necessary. Methodology: Profound gathering of literatures/publications and reviews were employed with all carefulness and professional courtesy; enough useful information were gathered over time. The introduction emphasizes the dawn of science and technology, when great ideas were still latent later leading to the advent of history changing innovations like the completion of human genome and then the birth of nanotechnology. Although, nanotechnology had been known decades been popularized by Richard Feynman in his talks in the year 1959; and in this present dispensation, nanotechnology has been a solution to many intricate challenges/ t