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Sezession: Ein gefährliches Spiel
[Secession: a dangerous game]

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  • Krueger, Malte

Abstract

The problem 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.

Suggested Citation

  • Krueger, Malte, 2013. "Sezession: Ein gefährliches Spiel [Secession: a dangerous game]," MPRA Paper 48725, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48725
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    References listed on IDEAS

    as
    1. 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.
    2. Robert Young, 1994. "The political economy of secession: The case of Quebec," Constitutional Political Economy, Springer, vol. 5(2), pages 221-245, March.
    3. Fuest, Clemens, 1993. "Stabile fiskalpolitische Institutionen für die Europäische Währungsunion," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW - Leibniz Information Centre for Economics, vol. 73(10), pages 539-545.
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    More about this item

    Keywords

    European Monetary Union; secession;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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