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Determinants of Spain's decision to leave the European Monetary Union

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  • Antonio Estella
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    Abstract

    Spain is the Member State of the European Union whose public opinion is most in favour to exit the Eurozone. In this context, there is a growing social and political debate on this Number in this Member State. This paper analyses at a theoretical level the main economic and socio political determinants that Spain would face if it were considering to take a decision to leave the EMU.

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    File URL: http://cadmus.eui.eu/bitstream/handle/1814/27599/RSCAS_2013_56.pdf?sequence=1
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    File URL: http://hdl.handle.net/1814/27599
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    Bibliographic Info

    Paper provided by European University Institute in its series RSCAS Working Papers with number 2013/56.

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    Date of creation: Jul 2013
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    Handle: RePEc:rsc:rsceui:2013/56

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    Related research

    Keywords: Spain; Monetary;

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    1. Robert Barro & Silvana Tenreyro, 2007. "Economic Effects Of Currency Unions," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 1-23, 01.
    2. Rose, Andrew K, 2007. "Checking Out: Exits from Currency Unions," CEPR Discussion Papers 6254, C.E.P.R. Discussion Papers.
    3. C. Randall Henning & Martin Kessler, 2012. "Fiscal Federalism: US History for Architects of Europe's Fiscal Union," Working Paper Series WP12-1, Peterson Institute for International Economics.
    4. Schuknecht, Ludger & Moutot, Philippe & Rother, Philipp & Stark , Jürgen, 2011. "The Stability and Growth Pact - crisis and reform," Occasional Paper Series 129, European Central Bank.
    5. Barro, Robert & Alesina, Alberto, 2002. "Currency Unions," Scholarly Articles 4551795, Harvard University Department of Economics.
    6. Paul De Grauwe, 2011. "The European Central Bank: Lender of Last Resort in the Government Bond Markets?," CESifo Working Paper Series 3569, CESifo Group Munich.
    7. Jason Furman & Joseph E. Stiglitz, 1998. "Economic Crises: Evidence and Insights from East Asia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 1-136.
    8. Eloísa Ortega & Juan Peñalosa, 2012. "The Spanish economic crisis: key factors and growth challenges in the euro area," Banco de Espa�a Occasional Papers 1201, Banco de Espa�a.
    9. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-25, August.
    10. Vaugirard, Victor, 2007. "Bank bailouts and political instability," European Journal of Political Economy, Elsevier, vol. 23(4), pages 821-837, December.
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