Doomsday for the Euro Area: Causes, Variants and Consequences of Breakup

International Journal of Financial Studies

Ansgar Belke¹ 

[1] Department for Macroeconomics, DIW Berlin, Mohrenstraße 58, 10117 Berlin, Germany

关键词: banking crisis;    debt crisis;    exchange rates;    euro;    optimum currency area;    secession;   

DOI  :  10.3390/ijfs1010001

来源: mdpi

【 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.

【 授权许可】

CC BY   
© 2012 by the authors; licensee MDPI, Basel, Switzerland.