1 option
Exit from a Monetary Union through Euroization: Discipline without Chaos / Russell Cooper.
- Format:
- Book
- Author/Creator:
- Cooper, Russell.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17908.
- NBER working paper series no. w17908
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- 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.
- Notes:
- Print version record
- March 2012.
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