Exit from a Monetary Union through euroization: Discipline without chaos

Author (Person)
Series Title
Series Details No.9, 2012
Publication Date 2012
ISSN 1725-6704
Content Type

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.

Source Link http://hdl.handle.net/1814/21174
Subject Categories
Countries / Regions
Record URL https://www.europeansources.info/record/?p=460553