The Cost of Non-Europe of an Incomplete Economic and Monetary Union to Prevent Future Crises

2014 ◽  
Author(s):  
Marius Frunza
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
The Cost

How to Leave the Eurozone: The Case of Finland

2018 ◽  
Vol 15 (1) ◽  
Author(s):  
Tuomas Malinen ◽  
Peter Nyberg ◽  
Heikki Koskenkylä ◽  
Elina Berghäll ◽  
Ilkka Mellin ◽  
...  
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
Short Term ◽  
Case Scenario ◽  
Clear Margin ◽  
Payments System ◽  
The Cost

Abstract This article provides thoughts and guidelines on how a country could exit from the Economic and Monetary Union (EMU) and its currency the euro. We take the hypothetical exit of Finland as a concrete example. Although there is a way out of the euro for Finland and other member countries, exit would not be easy, nor would its short-term costs be known beforehand with any clear margin. We find the lack of a domestic payments system and uncertainty concerning the redenomination costs to be the biggest risks associated with the cost of Finland’s exit. Still, the costs of Finland’s exit need not be very large, around 10 billion euros in the best-case scenario, but we also acknowledge a very costly scenario for the exit.

Book Reviews

2006 ◽  
Vol 56 (4) ◽  
pp. 455-468
Author(s):  
Zoltán Ádám ◽  
László Csaba ◽  
András Bakács ◽  
Zoltán Pogátsa
Keyword(s):  
Developing Countries ◽  
Fiscal Policy ◽  
Monetary Union ◽  
Economic And Monetary Union ◽  
European Studies ◽  
Eu Accession ◽  
East European ◽  
The World ◽  
The Government

István Csillag - Péter Mihályi: Kettős kötés: A stabilizáció és a reformok 18 hónapja [Double Bandage: The 18 Months of Stabilisation and Reforms] (Budapest: Globális Tudás Alapítvány, 2006, 144 pp.) Reviewed by Zoltán Ádám; Marco Buti - Daniele Franco: Fiscal Policy in Economic and Monetary Union. Theory, Evidence and Institutions (Cheltenham/UK - Northampton/MA/USA: Edward Elgar Publishing Co., 2005, 320 pp.) Reviewed by László Csaba; Piotr Jaworski - Tomasz Mickiewicz (eds): Polish EU Accession in Comparative Perspective: Macroeconomics, Finance and the Government (School of Slavonic and East European Studies, University College of London, 2006, 171 pp.) Reviewed by András Bakács; Is FDI Based R&D Really Growing in Developing Countries? The World Investment Report 2005. Reviewed by Zoltán Pogátsa

The Road to Maastricht: Negotiating Economic and Monetary Union

2000 ◽  
Vol 79 (5) ◽  
pp. 140
Author(s):  
Stanley Hoffmann ◽  
Kenneth Dyson ◽  
Kevin Featherstone
Keyword(s):  
Monetary Union ◽  
Economic And Monetary Union ◽  
The Road
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