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Nominal exchange rates EUR/GRD and EUR/ITL in the context of leaving the euro zone by Greece and Italy

Author

Listed:
  • Dąbrowska-Gruszczyńska Katarzyna

    (Faculty of Economic Sciences, University of Warsaw, Poland)

  • Gruszczyński Marcin

    (Faculty of Economic Sciences, University of Warsaw, Poland)

Abstract

Aim/purpose – The aim of this paper is to present two cases of crises in Greece and Italy and to evaluate the shadow exchange rates of hypothetical new currencies (re)introduced after Grexit and Italexit.

Suggested Citation

  • Dąbrowska-Gruszczyńska Katarzyna & Gruszczyński Marcin, 2021. "Nominal exchange rates EUR/GRD and EUR/ITL in the context of leaving the euro zone by Greece and Italy," Journal of Economics and Management, Sciendo, vol. 43(1), pages 293-316, May.
    • Handle: RePEc:vrs:jecman:v:43:y:2021:i:1:p:293-316:n:4
    DOI: 10.22367/jem.2021.43.14
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    References listed on IDEAS

    as
    1. Athanassiou, Phoebus, 2009. "Withdrawal and expulsion from the EU and EMU: some reflections," Legal Working Paper Series 10, European Central Bank.
    2. Bagnai, Alberto & Granville, Brigitte & Mongeau Ospina, Christian A., 2017. "Withdrawal of Italy from the euro area: Stochastic simulations of a structural macroeconometric model," Economic Modelling, Elsevier, vol. 64(C), pages 524-538.
    3. Kent Osband & Caroline Van Rijckeghem, 2000. "Safety from Currency Crashes," IMF Staff Papers, Palgrave Macmillan, vol. 47(2), pages 1-4.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    nominal exchange rates; euro area; financial crises;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications
    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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