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Exit from a Monetary Union through Euroization: Discipline without Chaos

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NBER2012-03-01 更新2025-01-04 收录
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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

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2012-03-01
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