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Justification and Implementation of Exit Strategies in the Context of the Current Crisis

Author

Listed:
  • Andreea Andries

    (Alexandru Ioan Cuza University, Faculty of Economic Sciences and Business Administration)

Abstract

This paper aims at emphasizing the complexity of decisions taken by fiscal and monetary authorities in order to reverse the measures introduced to counter the effects of the current crisis, starting with a theoretical approach and continuing with the analysis of exit strategies on the cases of the USA, euro zone and Japan. The conclusion of this study is that, currently, there is no optimal strategy of withdrawing the intervention measures and less one based on international coordination. Also, effective exit strategies focus on good communication between the factors involved and actions that converge towards sustainable economic growth.

Suggested Citation

  • Andreea Andries, 2012. "Justification and Implementation of Exit Strategies in the Context of the Current Crisis," EuroEconomica, Danubius University of Galati, issue 2(31), pages 5-13, May.
    • Handle: RePEc:dug:journl:y:2012:i:2:p:5-13
    as

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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1275/1158
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    References listed on IDEAS

    as
    1. Foerster, Andrew T., 2015. "Financial crises, unconventional monetary policy exit strategies, and agents׳ expectations," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 191-207.
    2. Nicola Acocella, "undated". "The deflationary bias of exit strategies in the EMU countries," Working Papers 82/11, Sapienza University of Rome, Metodi e Modelli per l'Economia, il Territorio e la Finanza MEMOTEF.
    3. Ansgar Belke, 2010. "Financial Crisis, Global Liquidity and Monetary Exit Strategies," Discussion Papers of DIW Berlin 995, DIW Berlin, German Institute for Economic Research.
    Full references (including those not matched with items on IDEAS)

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