Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98646
Authors: 
Belke, Ansgar
Verheyen, Florian
Year of Publication: 
2013
Series/Report no.: 
ROME Discussion Paper Series 13-11
Abstract: 
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.
Subjects: 
banking crisis
debt crisis
exchange rates
euro
optimum currency area
secession
JEL: 
E58
F33
F41
Document Type: 
Working Paper

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