Triplet crises and the ghost of the new drachma

Eduardo Levy Yeyati, Maria Soledad Martinez Peria, Sergio Schmukler, 29 June 2011



Much of the discussion surrounding the Greek crisis revolves around the probability and implications of a sovereign default and on whether the introduction of a national currency (which, for simplicity, we could call the new drachma) would help pull the Greek economy out of recession (see for example Manasse 2011 on this site

Topics: EU policies, Europe's nations and regions, Global crisis
Tags: default, Eurozone crisis, Greece, triplet crises

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