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To Exit or not to Exit (from the EMU)?

Nicola Acocella

Economia Internazionale / International Economics, 2020, vol. 73, issue 1, 1-20

Abstract: We discuss the main alternatives open to the Union, from its break-up to exit of some countries and radical changes in its institutional set-up. The pros and the cons of a possible exit are thus assessed with respect to these alternatives. The prospect of political and institutional changes that reinforce the existing structure, in particular with reference to solutions for overcoming its democratic deficit, are finally outlined. Uscire o non uscire (dall’UME)? In questo lavoro discutiamo le principali alternative aperte all’Unione, che vanno dalla sua disintegrazione all’uscita di alcuni paesi e all’introduzione di cambiamenti radicali nelle sue istituzioni. È così possibile valutare gli aspetti favorevoli e quelli contrari all’uscita alla luce di queste alternative. Si delineano infine le prospettive dei mutamenti istituzionali e politici necessari per rafforzare la struttura esistente, in particolare con riferimento alle soluzioni capaci di superare il deficit democratico esistente.

Keywords: Monetary Union; Exit; Institutions; Democratic Governance (search for similar items in EconPapers)
JEL-codes: E42 F00 (search for similar items in EconPapers)
Date: 2020
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