Should Greece adopt a dual-currency regime to resolve its economic crisis?

Kasımatı, Evangelia; Veraros, Nikolaos

doi:10.1016/j.jpolmod.2012.11.002

Cited by 6 publications

(1 citation statement)

References 9 publications

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“…‘Successive governments in Athens had failed to overcome endemic problems of low competitiveness, trade and investment imbalances and fiscal mismanagement, placing the economy in a vulnerable international position’ (Featherstone, ). The political and economic environment of the EMU appeared to exacerbate the crisis of the Greek economy, which failed to offer an appropriate response (Kasimati & Veraros, ).…”

Section: Modelling Greek Productive Relationsmentioning

confidence: 99%

Modelling economic structures from a qualitative input–output perspective: Greece in 2005 and 2010

Reyes

Muñiz

2017

Metroeconomica

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Sectors in economic systems are interdependent because they trade goods that consuming sectors use as inputs; the relative values of those supply and demand links define economic structures. Industries play different roles depending on the relative number of connections they maintain with one another and on whether those links are preferably demands or supplies. On this regards, we extend a stochastic social structural model into the economic context. Further, we apply it to recent Greek data, analysing the role of different technological intensity sectors. We show that our results help to explain some structural features of this economy.

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Section: Modelling Greek Productive Relationsmentioning

confidence: 99%

Modelling economic structures from a qualitative input–output perspective: Greece in 2005 and 2010

Reyes

Muñiz

2017

Metroeconomica

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Greece and European Monetary Union: The Road to the Demise of the Greek Economy

Gkasis¹

2018

Crisis in the Eurozone Periphery

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Holding out for a better deal: Brinkmanship in the Greek bailout negotiations

Pitsoulis

Schwuchow

2017

European Journal of Political Economy

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Greece and its creditors concluded negotiations over a third bailout by signing a Memorandum of Understanding on 19 August 2015. The dominant view among most economic policy analysts and commentators seems to be that the actions of the Greek government in the months before the deal have been erratic and lacked coordination. In this paper we argue instead that the decisions of the Greek negotiators, including asking the voters to reject the earlier terms demanded by the creditors in a referendum, can be explained by the logic of brinkmanship. We develop a game-theoretic model to show that the actions of the Greek government are consistent with a strategy aimed at securing concessions, which can be used to bolster domestic approval. JEL codes D78 · E65 · H12

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Should Greece adopt a dual-currency regime to resolve its economic crisis?

Cited by 6 publications

References 9 publications

Modelling economic structures from a qualitative input–output perspective: Greece in 2005 and 2010

Modelling economic structures from a qualitative input–output perspective: Greece in 2005 and 2010

Greece and European Monetary Union: The Road to the Demise of the Greek Economy

Holding out for a better deal: Brinkmanship in the Greek bailout negotiations

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