Matches in SemOpenAlex for { <https://semopenalex.org/work/W1946977> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W1946977 abstract "20 years after the Maastricht Treaty, the Euro Zone (EZ) is on the brick of disaster because some of the EZ countries higher inflation originated the accumulation of massive external deficits. Now the Euro has been converted in a straitjacket that compels those highly indebted countries (HIC) to decrease nominal prices and wages to control the external deficit that is an impossible mission. Then HIC must exit the EZ. At the first glance, when a country exits the EZ it will initiate a complex, catastrophic and cascading process that will terminate the EZ. In this paper I intend to prove that this catastrophic prevision can be averted. I propose a very simple roadmap concentrated on those vital macroeconomic variables: the current account balance and the unemployment rate. I imagine a preannounced process that will a) introduce as Local Currency (LCU) the pre-Euro current currency on a crawling peg exchange regime to the Euro and that it will b) introduce a “risk country” interest rate spread in those local credit contracts indexed to the EURIBOR. All bank accounts will continue denominated in Euro and just local prices and wages will be redenominated to the new LCU. The measure a) will decrease prices and wages (in terms of the Euro) increasing exports and decreasing imports and the measure b) will avoid the suspension of the free movement of capital. After the transition phase the exiting country will reenter the European Exchange Rate Mechanism (ERM II)." @default.
- W1946977 created "2016-06-24" @default.
- W1946977 creator A5027944253 @default.
- W1946977 date "2012-01-01" @default.
- W1946977 modified "2023-10-12" @default.
- W1946977 title "A Plan for a Country to Exit the Euro Zone" @default.
- W1946977 cites W1486208631 @default.
- W1946977 cites W180979610 @default.
- W1946977 cites W2020512591 @default.
- W1946977 cites W2096227098 @default.
- W1946977 cites W2103616883 @default.
- W1946977 cites W2109833275 @default.
- W1946977 cites W2114366507 @default.
- W1946977 cites W2143757274 @default.
- W1946977 cites W2169417293 @default.
- W1946977 cites W2327381624 @default.
- W1946977 cites W2489977932 @default.
- W1946977 cites W2798349005 @default.
- W1946977 cites W3121371856 @default.
- W1946977 cites W3124361719 @default.
- W1946977 cites W3125146190 @default.
- W1946977 cites W607441682 @default.
- W1946977 doi "https://doi.org/10.2139/ssrn.2034839" @default.
- W1946977 hasPublicationYear "2012" @default.
- W1946977 type Work @default.
- W1946977 sameAs 1946977 @default.
- W1946977 citedByCount "0" @default.
- W1946977 crossrefType "journal-article" @default.
- W1946977 hasAuthorship W1946977A5027944253 @default.
- W1946977 hasConcept C121332964 @default.
- W1946977 hasConcept C139719470 @default.
- W1946977 hasConcept C141121606 @default.
- W1946977 hasConcept C162324750 @default.
- W1946977 hasConcept C18547055 @default.
- W1946977 hasConcept C200941418 @default.
- W1946977 hasConcept C2776988154 @default.
- W1946977 hasConcept C2778126366 @default.
- W1946977 hasConcept C33332235 @default.
- W1946977 hasConcept C52092804 @default.
- W1946977 hasConcept C556758197 @default.
- W1946977 hasConceptScore W1946977C121332964 @default.
- W1946977 hasConceptScore W1946977C139719470 @default.
- W1946977 hasConceptScore W1946977C141121606 @default.
- W1946977 hasConceptScore W1946977C162324750 @default.
- W1946977 hasConceptScore W1946977C18547055 @default.
- W1946977 hasConceptScore W1946977C200941418 @default.
- W1946977 hasConceptScore W1946977C2776988154 @default.
- W1946977 hasConceptScore W1946977C2778126366 @default.
- W1946977 hasConceptScore W1946977C33332235 @default.
- W1946977 hasConceptScore W1946977C52092804 @default.
- W1946977 hasConceptScore W1946977C556758197 @default.
- W1946977 hasLocation W19469771 @default.
- W1946977 hasOpenAccess W1946977 @default.
- W1946977 hasPrimaryLocation W19469771 @default.
- W1946977 hasRelatedWork W1498440181 @default.
- W1946977 hasRelatedWork W1529085045 @default.
- W1946977 hasRelatedWork W1557482666 @default.
- W1946977 hasRelatedWork W1824815852 @default.
- W1946977 hasRelatedWork W2105054223 @default.
- W1946977 hasRelatedWork W2138638038 @default.
- W1946977 hasRelatedWork W2285276801 @default.
- W1946977 hasRelatedWork W2385656294 @default.
- W1946977 hasRelatedWork W2463049941 @default.
- W1946977 hasRelatedWork W2763579604 @default.
- W1946977 hasRelatedWork W3022521678 @default.
- W1946977 hasRelatedWork W3121848135 @default.
- W1946977 hasRelatedWork W3122295190 @default.
- W1946977 hasRelatedWork W3122309243 @default.
- W1946977 hasRelatedWork W3122421916 @default.
- W1946977 hasRelatedWork W3126143840 @default.
- W1946977 hasRelatedWork W326904087 @default.
- W1946977 hasRelatedWork W626748362 @default.
- W1946977 hasRelatedWork W2187213783 @default.
- W1946977 hasRelatedWork W2258477278 @default.
- W1946977 isParatext "false" @default.
- W1946977 isRetracted "false" @default.
- W1946977 magId "1946977" @default.
- W1946977 workType "article" @default.