Should Greece Remain in the Eurozone?
32 Pages Posted: 5 May 2015 Last revised: 6 Aug 2015
There are 2 versions of this paper
Should Greece Remain in the Eurozone?
FRB Richmond Working Paper No. 15-04R
Number of pages: 32
Posted: 05 May 2015
Last Revised: 06 Aug 2015
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Should Greece Remain in the Eurozone?
FRB Economic Quarterly, Vol. 100, No. 3, Third Quarter 2014, pp. 241-278
Number of pages: 38
Posted: 21 Aug 2015
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64
Date Written: July 30, 2015
Abstract
Should Greece remain in the Eurozone at the cost of continued deflation and recession? Alternatively, is it realistic to believe that Greece can return to prosperity by leaving the Eurozone and readopting its own national currency, the drachma? An answer to these questions requires an understanding of why Greece has suffered prolonged recession.
Note: A previous version of this paper was circulated under the title "A Comparison of Greece and Germany: Lessons for the Eurozone?"
JEL Classification: E50
Suggested Citation: Suggested Citation
Hetzel, Robert L., Should Greece Remain in the Eurozone? (July 30, 2015). FRB Richmond Working Paper No. 15-04R, Available at SSRN: https://ssrn.com/abstract=2602791 or http://dx.doi.org/10.2139/ssrn.2602791
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