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

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Listed author(s):
  • 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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    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
    Handle: RePEc:rsc:rsceui:2013/56
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    Web page: http://www.eui.eu/RSCAS/

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    Keywords: Spain; Monetary;

    Find related papers by JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K19 - Law and Economics - - Basic Areas of Law - - - Other
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • K49 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Other

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    1. Ludger Schuknecht & Philippe Moutot & Philipp Rother & Jürgen Stark, 2011. "The Stability and Growth Pact: Crisis and Reform," CESifo DICE Report, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(3), pages 10-18, October.
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    7. 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.
    8. Eloísa Ortega & Juan Peñalosa, 2012. "The Spanish economic crisis: key factors and growth challenges in the euro area," Occasional Papers 1201, Banco de España;Occasional Papers Homepage.
    9. Rose, Andrew, 2007. "Checking out: exits from currency unions," Journal of Financial Transformation, Capco Institute, vol. 19, pages 121-128.
    10. Vaugirard, Victor, 2007. "Bank bailouts and political instability," European Journal of Political Economy, Elsevier, vol. 23(4), pages 821-837, December.
    11. 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.
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