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Currency Disintegration: Two Scenarios of Withdrawal

Currency Disintegration: Two Scenarios of Withdrawal

Year:    2012

Author:    Meyer, Dirk

Applied Economics Quarterly, Vol. 58 (2012), Iss. 3 : pp. 171–191

Abstract

The article deals with a member's exit from the Eurozone to solve internal problems with the existing currency union. Taking Greece and Germany as examples, this paper examines the advantages and disadvantages, the process itself, and the consequences of withdrawal for both the exiting member and the monetary union as a whole. Additionally, the concept of parallel currencies (a national currency alongside the Euro) is outlined to address costs and related issues.

JEL Classifications: E42, E59, F34

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Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/aeq.58.3.171

Applied Economics Quarterly, Vol. 58 (2012), Iss. 3 : pp. 171–191

Published online:    2012-07

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    21

Author Details

Meyer, Dirk

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