Mayer, Thomas - In: Credit and Capital Markets – Kredit und Kapital 46 (2013) 2, pp. 159-172
Does the euro need a state? Not necessarily. EMU could be built along the lines of a gold standard, where the supply of central bank money by the ECB is inflexible (as a result of a link to gold or a fixed "k-percent-rule" of central bank money expansion); sight deposits in a certain amount are...