Currency Disintegration: Two Scenarios of Withdrawal
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Currency Disintegration: Two Scenarios of Withdrawal
Applied Economics Quarterly, Vol. 58(2012), Iss. 3 : pp. 171–191 | First published online: October 03, 2017
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Institut für Volkswirtschaftslehre, Lehrstuhl für Ordnungsökonomik, Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, 22043 Hamburg.
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                                                                            European Union and Monetary Union in Permanent Crisis IIRoadmap for Withdrawal from the Euro: Technical Preparation, Legal and Practical Implementation from the Perspective of a Withdrawing StateMeyer, Dirk 2022 https://doi.org/10.1007/978-3-658-38646-7_11 [Citations: 0]
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                                                                            The European Monetary UnionAcocella, Nicola 2020 https://doi.org/10.1017/9781108892858 [Citations: 2]
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                                                                            Europäische Union und Währungsunion in der DauerkriseFahrplan eines Euroaustritts: Technische Vorbereitung, rechtliche und praktische Durchführung aus Sicht eines AustrittslandesMeyer, Dirk 2020 https://doi.org/10.1007/978-3-658-27177-0_19 [Citations: 0]
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                                                                            How to Leave the Eurozone: The Case of FinlandMalinen, Tuomas | Nyberg, Peter | Koskenkylä, Heikki | Berghäll, Elina | Mellin, Ilkka | Miettinen, Sami | Ala-Peijari, Jukka | Törnqvist, StefanThe Economists’ Voice, Vol. 15(2018), Iss. 1 https://doi.org/10.1515/ev-2018-0020 [Citations: 1]
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
