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Permanent stabilisation mechanism or euro exit – a cost comparison

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  • Dirk Meyer

Abstract

In his commentary Dirk Meyer, Helmut-Schmidt-University, Hamburg, considers two basic alternative courses of action – the introduction of a lasting stabilisation mechanism in connection with a modification of European Treaties or a reform of monetary union in the sense of currency disintegration – and undertakes a cost comparison of both possibilities from a German point of view.

Suggested Citation

  • Dirk Meyer, 2012. "Permanent stabilisation mechanism or euro exit – a cost comparison," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(11), pages 19-24, June.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:11:p:19-24
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    References listed on IDEAS

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    1. Hans-Werner Sinn & Timo Wollmershäuser, 2012. "Target loans, current account balances and capital flows: the ECB’s rescue facility," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(4), pages 468-508, August.
    2. Stefan Homburg, 2011. "Comments on the Target2 debate," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(16), pages 46-50, September.
    3. Jens Ulbrich & Alexander Lipponer, 2012. "Balances in the Target2 Payments System – A Problem?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(1), pages 73-76, February.
    4. Hans-Werner Sinn & Timo Wollmershäuser, 2011. "Target-Kredite, Leistungsbilanzsalden und Kapitalverkehr: Der Rettungsschirm der EZB," ifo Working Paper Series 105, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    5. Stefan Homburg, 2011. "Anmerkungen zum Target2-Streit," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 91(8), pages 526-530, August.
    6. Manfred J. M. Neumann, 2011. "Bank refinancing drives up the Target debt," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(16), pages 25-28, September.
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    Cited by:

    1. Thomas Mayer, 2012. "Trapped in the EMU?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(04), pages 59-63, December.
    2. Anke Mönnig, 2012. "Balancing the European Monetary Union - an Impact Analysis on the Return of National Currencies," GWS Discussion Paper Series 12-8, GWS - Institute of Economic Structures Research.

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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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