A Parallel Currency for Greece

Thomas Mayer

CEPS Papers from Centre for European Policy Studies

Abstract: Greece and its creditors seem to be engaged in a game of chicken: both sides expect the other to yield at the last moment. The game will almost certainly end with each side deviating somewhat from its preferred course. This High-Level Brief discusses how a parallel currency could contribute to a resolution of the conflict. In the author's view, it would be the least-bad option for both sides among three possible options on the table.

Pages: 7 pages
Date: 2015-05
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http://www.ceps.eu/system/files/No4_TM%20Parallel%20Currency_0.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:eps:cepswp:10586

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