Marcello Minenna
The Incomplete Currency
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The Incomplete Currency
The Future of the Euro and Solutions for the Eurozone
MARCELLO MINENNA
This edition first published 2016
© 2016 Marcello Minenna
This English language edition is based on the original Italian version of the book entitled “La Moneta Incompiuta” ISBN 9788823017641, published in 2013 by Ediesse.
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Library of Congress Cataloging-in-Publication Data
Names: Minenna, Marcello, author.
Title: The incomplete currency: the future of the euro and solutions for the Eurozone / Marcello Minenna.
Description: Chichester, West Sussex, United Kingdom: John Wiley & Sons, 2016. | Includes index.
Identifiers: LCCN 2015051048 (print) | LCCN 2016007184 (ebook) | ISBN 9781119019091 (hardback) | ISBN 9781119019114 (pdf) | ISBN 9781119019121 (epub)
Subjects: LCSH: Euro. | Eurozone. | Monetary policy – European Union countries. | Finance – European Union countries. | European Union countries – Economic policy. | BISAC: BUSINESS & ECONOMICS / Finance.
Classification: LCC HG925 .M534 2016 (print) | LCC HG925 (ebook) | DDC 332.4/94 – dc23
LC record available at http://lccn.loc.gov/2015051048
Cover Design: Wiley
Cover photo concept by Yorkman/Shutterstock;
Cover Image ©omersukrugoksu/iStock
List of Figures
Figure 1.3 Calculation of the fair price of a 6-month floating-rate bond issued by Bank A
Figure 1.5 Calculation of the swap rate of a 2-year floating-rate bond issued by Bank A
Figure 1.1 °Credit Default Swap contract (CDS)
Figure 1.11 The real interest rate
Figure 1.12 Inflation, nominal and real interest rates in Italy (1975–2014)
Figure 1.13 Inflation, nominal and real interest rates in the US (2000–2014)
Figure 1.14 Inflation, nominal and real interest rates in Germany (2000–2014)
