Sezession: Ein gefaehrliches Spiel
The problems posed by a potential exit from a political union or federation of states is not a new one. In the current crisis the potential exit from a monetary union is particularly relevant. Not long ago, potential exit has been an important topic in Canada. The analyses of the consequences of a potential exit of the province of Quebec can also be applied to the actual crisis of the European Monetary System. The results of the Canadian analyses show that exit involves the risk of major conflicts – even if both sides have strong preferences for a mutual agreement.
References listed on IDEAS
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- Hans-Werner Sinn & Timo Wollmershaeuser, 2011.
"Target Loans, Current Account Balances and Capital Flows: The ECB's Rescue Facility,"
NBER Working Papers
17626, National Bureau of Economic Research, Inc.
- 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.
- Hans-Werner Sinn & Timo Wollmershäuser, 2011. "Target Loans, Current Account Balances and Capital Flows: The ECB’s Rescue Facility," CESifo Working Paper Series 3500, CESifo Group Munich.
- Sinn, Hans-Werner & Wollmershäuser, Timo, 2012. "Target loans, current account balances and capital flows: The ECB’s rescue facility," Munich Reprints in Economics 19556, University of Munich, Department of Economics.
- Fuest, Clemens, 1993. "Stabile fiskalpolitische Institutionen für die Europäische Währungsunion," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW – German National Library of Economics / Leibniz Information Centre for Economics, vol. 73(10), pages 539-545.
- Robert Young, 1994. "The political economy of secession: The case of Quebec," Constitutional Political Economy, Springer, vol. 5(2), pages 221-245, March.
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