Arbeitspapier
Institutionalizing Eurozone exit: A modified NEWNEY approach
In this note, we argue that the Eurozone needs an institutional exit mechanism to enhance Eurozone stability, and propose modifications to the Dobbs' NEWNEY mechanism, the only mechanism that satisfies the twin properties of eliminating incentives for intra-Eurozone capital flight and maintaining Eurozone price stability. Our modifications eliminate moral hazard, allow for a fair distribution of costs (between and within countries) and are also appropriate for the exit of a fiscally strong country.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4116
- Klassifikation
-
Wirtschaft
Financial Markets and the Macroeconomy
Monetary Policy
- Thema
-
Eurozone
Eurozone exit
price stability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Huck, Steffen
Valasek, Justin Mattias
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Huck, Steffen
- Valasek, Justin Mattias
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2013
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