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Author Archive | Sergio Schmukler

Figure 1

Triplet Crises and the Ghost of the New Drachma

  Much of the discussion surrounding the Greek crisis revolves around the probability and implications of a sovereign default and on whether the introduction of a national currency (which, for simplicity, we could call the new drachma) would help pull the Greek economy out of recession (see for example Manasse 2011 on this site).  Less […]

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