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A parallel currency for Greece. CEPS High-level Brief, 20 May 2015

Mayer, Thomas (2015) A parallel currency for Greece. CEPS High-level Brief, 20 May 2015. [Policy Paper]

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    Abstract

    Greece and its creditors seem to be engaged in a game of chicken: both sides expect the other to yield at the last moment. The game will almost certainly end with each side deviating somewhat from its preferred course. This High-Level Brief discusses how a parallel currency could contribute to a resolution of the conflict. In the author's view, it would be the least-bad option for both sides among three possible options on the table.

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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Greece
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS High-Level Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 26 May 2015 11:10
    Number of Pages: 7
    Last Modified: 26 May 2015 11:11
    URI: http://aei.pitt.edu/id/eprint/64205

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