Why Breaking Up is Hard to Do: A Snapshot of Key Currency Union Dissolutions, Sovereign Interventions and Compatibility with Law

38 Pages Posted: 2 Apr 2020

Date Written: October 1, 2019

Abstract

The Eurozone, as a currency union, has attracted a number of criticisms on its construction, its completeness and its capability to perform during challenging times. The European Commission remains committed to deepening and completing the Economic and Monetary Union and this article, which looks back at the legal mechanics employed by sovereign actors since 1900 in relation to currency dissolutions and other measures, assesses that breaking up is hard to do.

Keywords: Eurozone, euro area, Banking Union, Capital Markets Union, European Union, European Union

JEL Classification: E00, E66, K00, K20, K22, K29

Suggested Citation

Huertas, Michael, Why Breaking Up is Hard to Do: A Snapshot of Key Currency Union Dissolutions, Sovereign Interventions and Compatibility with Law (October 1, 2019). Available at SSRN: https://ssrn.com/abstract=3508902

Michael Huertas (Contact Author)

Dentons (Washington, D.C.) ( email )

United States

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