Finance Access of SMEs: What Role for the ECB?*

Ansgar Belke and Florian Verheyen

No 201311, ROME Working Papers from ROME Network

Abstract: In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on domestic debt, the domestic banking sector, EU membership and the freedom of trade. We also briefly analyze the social and political costs of the accompanying social disorder.

Keywords: banking crisis; debt crisis; exchange rates; euro; optimum currency area; secession yields (search for similar items in EconPapers)
JEL-codes: E58 F33 F41 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2013-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Finance Access of SMEs: What Role for the ECB?* (2013)
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