In the paper in Finnish, I briefly reason why Finland should abandon the euro based on economic theory, policy and practice. I discuss the options to exchange rate realignment of internal and fiscal devaluation as well as the implications of currency flotation.

In the paper in Finnish, I briefly reason why Finland should abandon the euro based on economic theory, policy and practice. I discuss the options to exchange rate realignment of internal and fiscal devaluation as well as the implications of currency flotation.

A withdrawal of a member state from the EMU due to market pressure has been a rather popular topic in the public debate in recent years. However, the effects of a withdrawal have been analysed quantitatively surprisingly little. Discussions have been concentrated on the crisis countries, but as...