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

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Year of publication:	2012
Authors:	Cooper, Russell
Publisher:	[2012]: [S.l.] : SSRN
Subject:	EU-Staaten \| EU countries \| Währungsunion \| Monetary union \| Finanzpolitik \| Fiscal policy \| Öffentliche Schulden \| Public debt

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Extent:	1 Online-Ressource (17 p)
Series:	NBER Working Paper ; No. w17908
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2012 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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