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  • 标题:Doomsday for the Euro Area: Causes, Variants and Consequences of Breakup
  • 本地全文:下载
  • 作者:Belke, Ansgar ; Verheyen, Florian
  • 期刊名称:International Journal of Financial Studies
  • 印刷版ISSN:2227-7072
  • 出版年度:2012
  • 卷号:1
  • 期号:1
  • 页码:1-15
  • 出版社:MDPI, Open Access Journal
  • 摘要:In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on domestic debt, the domestic banking sector, EU membership and the freedom of trade. We also briefly analyze the social and political costs of the accompanying social disorder.
  • 关键词:banking crisis; debt crisis; exchange rates; euro; optimum currency area; secession
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