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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...
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. Under realistic conditions, a debt conversion may be the less costly strategy for Greece and the euro area partner states. A …
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realistic conditions, a debt conversion may be the less costly strategy for Greece and the euro area partner states. A value … conversion ; Greece …
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. Under realistic conditions, a debt conversion may be the less costly strategy for Greece and the euro area partner states. A … crisis ; debt conversation ; Greece …
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We scrutinize the role of capital flows in competitiveness in a set of seven euroarea member countries (Estonia, Greece … focus is on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets, placing … 2013 show evidence of the Balassa-Samuelson effect if Greece is excluded from the panel. For Greece, this in turn provides …
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