Suppose it is possible for a country to leave the euro zone and begin printing its own

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Suppose it is possible for a country to leave the euro zone and begin printing its own currency. Suppose also that there is some point at which the ECB (perhaps it is worried about financial losses) will stop lending to the country's banks. What would happen if creditors suddenly begin to flee from the country's banks?
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International Finance Theory and Policy

ISBN: 978-0133423648

10th edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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