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© 2018

Banking and Monetary Policy from the Perspective of Austrian Economics

  • Annette Godart-van der Kroon
  • Patrik Vonlanthen
Book

Table of contents

  1. Front Matter
    Pages i-xii
  2. Annette Godart-van der Kroon, Patrik Vonlanthen
    Pages 1-22
  3. Mises’s and Hayek’s Ideas on Banking and Monetary Policy from a Historical, Economic Point of View

  4. The Measures Taken by the ECB Considered in the Light of the Ideas of Mises and Hayek

  5. Proposed Monetary Reforms for the Future

About this book

Introduction

This book discusses contemporary banking and monetary policy issues from the perspective of the Austrian School of Economics. Based on the heritage of the Austrian school, leading scholars and practitioners offer a coherent diagnosis and analysis of the factors leading to Europe’s current financial crisis. The first part of the book discusses Ludwig von Mises’s and Friedrich August von Hayek’s ideas on banking and monetary policy from both historical and economic standpoints. It includes contributions on Austrian monetary dynamics and micro-foundational business cycle theory, von Mises’s concepts of liquidity and solvency of fractional-reserve banks, and liberalism of Austrian economics. The second part analyzes the measures taken by the European Central Bank (ECB) in light of the ideas of von Mises and Hayek. It includes contributions on non-neutrality of money, ECB monetary policy, and the future of the ECB. The third and final part presents discussions on monetary reforms, including contributions on Bitcoins, Cryptocurrencies and anti-deflationist Paranoia. 

Keywords

Friedrich August von Hayek Ludwig von Mises Austrian School of Economics European Monetary Union European Central Bank Methodological Individualism Marginalism European monetary policy Bubbles Asymmetric shocks Bitcoins Cryptocurrencies Anti-deflationist paranoia

Editors and affiliations

  • Annette Godart-van der Kroon
    • 1
  • Patrik Vonlanthen
    • 2
  1. 1.Ludwig von Mises Institute EuropeBrusselsBelgium
  2. 2.Swiss Mises InstituteZürichSwitzerland

About the editors

Annette Godart-van der Kroon (lic.jur) is the President Ludwig von Mises Institute – Europe and under her guidance, the Institute has organized a multitude of successful conferences and dinner debates since its establishment in 2002. LVMI – Europe has a Board of Directors composed of prominent economists, politicians and thinkers originating from Europe and beyond. She also possesses long-term experience as a civil affairs lawyer at the Courts of Roermond and Utrecht in the Netherlands. In 1996, she became a member of the Mont Pélerin Society, an influential society composed of Nobel Prize winning economists and other leading scholars. She is an author of several books and she presented many articles at Universities such as the University of Athens, Erfurt, Maastricht, Heilbronn, Lviv and others.

Patrik Vonlanthen is founder and president of the Swiss Mises Institute. Patrik works as a senior project leader and consultant. As president of the Swiss Mises Institute he passionately promotes the core principles liberty, property and peace.  


Bibliographic information

Industry Sectors
Finance, Business & Banking

Reviews

“The editors are to be heartily congratulated for putting together this book, which covers an impressive range of topics in monetary economics from an explicitly Austrian perspective. … This book is indispensable reading for anyone who has a professional or vocational interest in the Austrian approach to money, finance, and business cycles.” (Joseph T. Salerno, The Quarterly Journal of Austrian Economics, Vol. 23 (1), 2020)