Some exceptions, e.g. in the traversal of deep structures may be and ARE used as escaping continuations.
If I understand correctly, by "escaping continuations" you mean that you can easily transfer control between the point where the exception is raised and the exception handler. If this is what you mean, you can achieve the same effect with monadic code by chaining monads together, for example, you can have your structure traversal code as several 'Maybe' functions. And if I understand correctly the underlying technical details of Haskell, because of continuation-passing style, the "control transfer" should be simpler because it comes down to invoking the proper continuation, so all of that code that compilers have to generate to look into the stack and find the proper exception handler, and unwind the stack and transfer control, is avoided. Jose