Multi – currency system as a way out of the Eurozone debt crisis

The thesis is devoted to the research of the primary causes of the Eurozone crisis and the possible solution. The purpose of this paper is to analyze the economic state of the Eurozone members before the single currency implementation and after to prove the issues of an unequal money distribution among the European Monetary Union. The thesis consists of two main parts: analysis of the crisis causes and possible solution. The theoretical part is devoted to the study of the Optimum Currency Theory and its implication. The following empirical research fully examines the economic indicators of the Eurozone member states and compare it with OCT criterions. The part of the money distribution explores the issues of the crisis, its factors and consequences. The second part is concentrated particularly on the search for the solution and the parallel currency implications. Moreover, the research analyzes European Commission attempts to decrease the crisis impacts which is the Fiscal Stimulus Plan, and the banking sector issues, particularly the importance of the local banks in providing the regions with money liquidity. Finally, the paper indicates the multicurrency system with territorial bases as a possible way to provide regions with money supply.