Special
Breaking up the eurozone
This paper deals with the question whether or not it is a good idea to break up the Economic and Monetary Union (EMU or eurozone).
Special
This paper deals with the question whether or not it is a good idea to break up the Economic and Monetary Union (EMU or eurozone).
Special
The severe deterioration of asset quality in late 2007 marked the opening act of the financial crisis. A drop in global economic activity during 2008 and early 2009 was next. A wave of sovereign defaults in the industrialised world is step three.
Special
In this study the policy options: defaulting on debt obligations, withdrawing support measure for the banking sector, increasing inflation, boosting GDP growth and introducing austerity measures that governments have at their disposal are discussed.
Economic Comment
Some market participants and notable economists are arguing that Greece needs to exit the eurozone, even temporarily, in order to regain its external competitiveness. As attractive as this option sounds, we are inclined to strongly disagree.