Triplet crises and the ghost of the new drachma

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

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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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