voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2012-11-78-100voprecotest-481Research ArticleВОПРОСЫ ТЕОРИИISSUES OF THEORYВ защиту евро: подход австрийской школы (критика ошибок ЕЦБ и интервенционизма Брюсселя)In Defense of the Euro: Austrian School Approach (Critics of ECB Errors and Brussel’s Interventionism)ХесусУ. де.Huerta De SotoJ.

проф. Университета Короля Хуана Карлоса (Мадрид, Испания)

huertadesoto@dimasoft.esУниверситет Короля Хуана Карлоса (Мадрид, Испания)ИспанияRey Juan Carlos University of Madrid (Spain)Spain20122011201201178100Copyright © Voprosy Ekonomiki, NP, 20122012Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/481

Механизм функционирования евро рассматривается в статье с точки зрения ограничения автономии денежных властей стран — участниц валютного союза, что не позволяет им манипулировать национальной валютой в сиюминутных политических интересах и в периоды кризиса откладывать болезненные структурные реформы, направленные на либерализацию экономики. В некоторых аспектах механизм евро превосходит механизм классического золотого стандарта, в 1930-е годы не устоявшего под натиском денежного национализма. Анализируются мотивы и аргументы критиков и противников евро и обосновываются доводы в пользу его сохранения. Дан анализ экономических и социальных проблем ЕС, а также ошибок ЕЦБ.

The mechanism of euro functioning is analyzed in the article from the standpoint of limiting the autonomy of monetary authorities of the European monetary union members, which precludes them from manipulating national currency for the short sighted political interests and postponing painful structural reforms under crises aimed at liberalizing the economy. In some aspects euro excels the classical gold standard, which fell under monetary nationalism attack in the 1930s. Motives and arguments of critics and adversaries are analyzed and the reasons for euro defense are exposed. Real economic and social problems of Europe and ECB errors are described.

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The authors declare that there are no conflicts of interest present.