Exit from a Monetary Union through Euroization: Discipline without chaos

This paper studies the role of exit from a monetary union during a debt crisis. A monetary union, such as the European Monetary Union, needs to establish a procedure for exit as a tool to cope with debt default. The paper studies various forms of exit and argues that “Euroization” is both a credible and effective means of punishment for countries in default.

MoreLess

Year of publication:	2012
Authors:	COOPER, Russell
Institutions:	Department of Economics, European University Institute

More details

Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series European University Institute Working Papers Number ECO2012/09
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011201718