Autore:
Cooper, Russel
Titolo:
Exit from a Monetary Union through Euroization: Discipline without chaosPeriodico:
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
2012 - Fascicolo:
9 - Pagina iniziale:
1 - Pagina finale:
15This 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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