The Real Effects of a Euro Exit

Lessons from the Past

Bibliographic Data

ID12155304
AuthorsRiccardo Realfonzo (0000-0003-3773-4545, corresponding author), Angelantonio Viscione
Year2015
Volume44
Issue3
Pages161-173
Publication date2015-07-03
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueInternational Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0891-1916 • E-ISSN: 1558-0970
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/08911916.2015.1095044
OpenAlexW2246670883
LanguageEN
References cited10

In the debate between supporters and critics of the euro, the opposing ideological extremes have gotten it wrong. The most important lesson we can learn from the experience of the past is that the outcome, in terms of growth, distribution, and employment, depends on how a country remains in the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country regains control of monetary and fiscal matters, and not on the fact of abandoning the previous exchange system. At the same time, historical experience suggests that countries with higher per capita income and more stable political institutions would be more likely to benefit from a euro exit

Control (management · Development economics · Distribution (mathematics · Economics · Ideology · Macroeconomics · Monetary economics · Per capita · Political economy · Political science · Politics · Quality (philosophy · Sociology · Economic Theory and Policy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact

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