Tag: eurozone
-
Exit from a Monetary Union Through Euroization:
Abstract: This paper studies the role of exit from a monetary union during a debt crisis. A monetary union, such as the European Monetary Union, needs to establish a procedure for exit as a tool to cope with debt default. The paper studies various forms of exit and argues that “Euroization” is both a…
-
Implications of private debt for euro exit
Is there an easy way out? Private marketable debt and its implications for a Eurozone break-up David Amiel, Paul-Adrien Hyppolite 15 March 2015 As the Eurozone crisis lingers on, euro exit is now being debated in ‘core’ as well as ‘periphery’ countries. This column examines the potential costs of euro exit, using France as an…
-
A withdrawal from the Eurozone: Some Simulation Studies
Abstract A withdrawal of a member state from the EMU due to market pressure has been a rather popular topic in the public debate in recent years. However, the effects of a withdrawal have been analysed quantitatively surprisingly little. Discussions have been concentrated on the crisis countries, but as the Finnish economic difficulties have deepened…