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How the European Monetary Union Should Deal with Euro States that are Unwilling to Reform

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  • Jürgen Matthes
  • Thomas Schuster

Abstract

In their article Jürgen Matthes, Institut der deutschen Wirtschaft Köln, and Thomas Schuster, Duale Hochschule Baden-Württemberg Mannheim, look at the question of how the EMU should deal with states that are unwilling to reform if the termination of bail-out payments could potentially lead to an EMU exit.

Suggested Citation

  • Jürgen Matthes & Thomas Schuster, 2015. "How the European Monetary Union Should Deal with Euro States that are Unwilling to Reform," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(04), pages 13-18, February.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:04:p:13-18
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    References listed on IDEAS

    as
    1. Fahrholz, Christian & Wójcik, Cezary, 2013. "The Eurozone needs exit rules," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4665-4674.
    2. Matthes, Jürgen & Schuster, Thomas, 2015. "Wie soll die Europäische Währungsunion mit reformunwilligen Staaten umgehen?," IW policy papers 3/2015, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    3. Matthes, Jürgen, 2015. "Strukturreformen der Krisenländer: Bestandsaufnahme und Abschätzung der Relevanz für Wachstum und Währungsraum," IW policy papers 5/2015, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    4. Benjamin Born & Teresa Buchen & Kai Carstensen & Christian Grimme & Michael Kleemann & Klaus Wohlrabe & Timo Wollmershäuser, 2012. "Withdrawal of Greece from the European Monetary Union: Historical experience, macroeconomic consequences and organisational implementation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 09-37, May.
    5. Lars Calmfors, 2003. "Fiscal Policy to Stabilise the Domestic Economy in the EMU: What Can We Learn from Monetary Policy?," CESifo Economic Studies, CESifo, vol. 49(3), pages 319-353.
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    More about this item

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • G01 - Financial Economics - - General - - - Financial Crises

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