Finance Access of SMEs: What Role for the ECB?
AbstractIn this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on domestic debt, the domestic banking sector, EU membership and the freedom of trade. We also briefly analyze the social and political costs of the accompanying social disorder.
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Bibliographic InfoPaper provided by ROME Network in its series ROME Working Papers with number 201311.
Length: 22 pages
Date of creation: Aug 2013
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Web page: http://www.rome-net.org
banking crisis; debt crisis; exchange rates; euro; optimum currency area; secession yields;
Other versions of this item:
- Ansgar Belke, 2013. "Finance Access of SMEs: What Role for the ECB?," ROME Working Papers 201310, ROME Network.
- Ansgar Belke, 2013. "Finance Access of SMEs: What Role for the ECB?," Ruhr Economic Papers 0430, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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