Temat: monetary union - Prolib Integro

Skocz do pozycji: 1.

Tytuł:: Konwergencja fiskalna w uniach walutowych w Afryce na tle rozwiązań europejskich
A Comparison of the Fiscal Convergence Experience in the CFA Franc Zone and the EMU
Autorzy:: Młodkowski, Paweł
Tematy:: fiscal policy
monetary union
coordination; Pokaż więcej
Wydawca:: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Powiązania:: https://bibliotekanauki.pl/articles/575628.pdf Link otwiera się w nowym oknie
Opis:: The aim of the paper is to present arguments for implementing fiscal policy constraints in monetary union member countries and to compare experience in this area in two non-European monetary unions in Africa and the EMU. The author offers a brief review of arguments-for and against fiscal convergence in a monetary union-presented in the literature on the subject. This empirical and theoretical review leads to the conclusion that, under some circumstances, there is a great need for fiscal policy coordination in monetary union member countries. The key question is how fiscal convergence should be designed and how multilateral surveillance should be enforced. To answer this question, the CFA Franc Zone experience with fiscal convergence criteria was compared with that of the EMU. The author notes that some fiscal convergence criteria are unique and specific for these groups of countries but some other criteria are common, regardless of the features of individual economies. Therefore fiscal coordination should be union-specific to avoid any disadvantages highlighted in theoretical analyses and resulting from decreased fiscal policy flexibility.
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: Economic and Monetary Union as an Example of Differentiated Integration
Autorzy:: Piekutowska, Agnieszka
Kużelewska, Elżbieta
Tematy:: differentiation
integration
European Monetary Union
EMU; Pokaż więcej
Wydawca:: Uniwersytet Warszawski. Centrum Europejskie
Powiązania:: https://bibliotekanauki.pl/articles/419619.pdf Link otwiera się w nowym oknie
Opis:: Despite the over 60 years’ experience with European integration (since the Paris Treaty), it remains permeated with certain distinctions and dissimilarities with respect to particular Member States. The Economic and Monetary Union (EMU) is the best example of differentiated integration, since as early as its initial construction it contained signifi cant differences vis-à-vis Member States. The third stage of the EMU (in force since 1 January 1999), the introduction of the single European currency, did not encompass all 15 Member States, but only 11 of them. Greece joined it only in 2002, and the United Kingdom and Denmark had negotiated an opt-out provision in the Maastricht Treaty. This article explores differentiated integration in the EMU framework, and presents as well the consequences for the countries outside the ‘hard core’ of currency integration, i.e. those states which are the subjects of temporary derogations and which are obliged, by their Accession Treaties, to accept the European currency in the future.
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 3.

Tytuł:: Economic Conditions of the Economic and Monetary Union Crisis
Autorzy:: Kukuła, Artur Jan
Wydawca:: Catholic University of Lublin Publishing House
Cytata wydawnicza:: A. J. Kukuła, Economic Conditions of the Economic and Monetary Union Crisis. In Local Self-Government in Local Development. Ukrainian and Polish Experience, ed. Lech Jańczuk, Lublin: Catholic University of Lublin Publishing House 2014, pp. 9-41.
Opis:: A. J. Kukuła, Economic Conditions of the Economic and Monetary Union Crisis. For Europeans and the European Union the global financial and economic crisis (2007-2013) was a small earthquake which not only deepened the existing socio-economic problems, but also highlighted in a bright way their causes, turning public attention to numerous pathologies in the area of both national and the Community finance and economy which had been previously ignored by leaders of European countries and the European Union. The financial and economic crisis and the numerous problems associated with the functioning of the Economic and Monetary Union (EMU) were paradoxically an impetus for the European Union to revise its existing financial policy and to undertake appropriate reformatory action. The scale and complexity of the problems made it necessary to carry out reforms at both the Community and the Member State levels. According to the author, in discussing the crisis that today affects the Community and the eurozone we should more effectively reach out to the real, deep-seated reasons than be satisfied with the explanations based on often superficial analyzes of visible manifestations of the crisis. In the author’s opinion when undertaking this subject we also need to refer to the theoretical foundations of economic integration thus creating proper conditions for a discussion on the problems of European economic and monetary integration.The purpose of this study is draw attention to the economic, fiscal conditions of the European crisis, the crisis of the EMU and the eurozone, as well as its relationship to the theoretical foundations of economic and monetary integration.
Artur Jan Kukuła
Dostawca treści:: Repozytorium Centrum Otwartej Nauki

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Skocz do pozycji: 4.

Tytuł:: Polityka kursu walutowego przed wstąpieniem do unii gospodarczej i walutowej
The policy of exchange rate currency before the accession to economic and monetary union
Autorzy:: Kraś, Ireneusz
Tematy:: International Economic relation
monetary integration
Economy and Monetary Union; Pokaż więcej
Wydawca:: Towarzystwo Naukowe Franciszka Salezego
Powiązania:: https://bibliotekanauki.pl/articles/495120.pdf Link otwiera się w nowym oknie
Opis:: The article raises the issue connected with functioning of European Exchange Rate mechanism ERM II. The introduction analyses the criteria of accession to Economic and Monetary Union and profiles Exchange Rate mechanism ERM II and ERM. Subsequently, the author discusses the currently integration and procedures of joining ERM II and the euro zone. There are four stages of this process defined in the article. A central exchange rate and modification of staying in ERM II are the next question of article. The author describes the term “severe tensions” which can be defined as serious tension in a situation when the exchange rate fluctuates to more than – 2,25%. The last part deals with assessment of exchange rate stability. The European Commission and the European Central Bank are responsible for it and the institutions work independently of each other. The article emphasizes the fact that it is essential to join ERM II prior to the accession to Economy and Monetary Union. Joining ERM II should be treated as the expression of great determination to enter euro zone. It should not be treated as a kind of experiment that it is always possible to withdraw from.
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 5.

Tytuł:: Kryzys finansów publicznych czy kryzys płatniczy krajów PIIGS?
PIIGS Countries: A Public Finance Crisis or a Balance-of-Payments Crunch?
Autorzy:: Koronowski, Adam
Tematy:: monetary union
financial crisis
public finance
economic policy; Pokaż więcej
Wydawca:: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Powiązania:: https://bibliotekanauki.pl/articles/574312.pdf Link otwiera się w nowym oknie
Opis:: The article examines the causes behind a credibility crisis that has hit a group of euro-zone countries collectively referred to as PIIGS: Portugal, Ireland, Italy, Greece and Spain. The author discusses the economic policy being pursued in these countries in response to the crisis. The credibility crisis is generally being attributed to high public finance deficits and significant levels of public debt in the PIIGS countries. But this interpretation fails to consider the fact that various other countries are also struggling with high deficits and public debts. In addition to problems related to their public finances, Portugal, Ireland, Italy, Greece and Spain, are also suffering from an imbalance of payments. The high current-account deficits in these countries reflect unbalanced public finance-sector budgets and excessive private sector spending. The balance-of-payments aspect of the credibility crisis besetting PIIGS countries is obscured by these countries’ membership of the euro zone. This diagnosis is the starting point for asking a question about an economic policy aimed at addressing the imbalance-of-payments problem experienced by PIIGS countries. The widely recommended “consolidation” of public finances is hardly an optimal measure, according to Koronowski; nor can it be applied on a satisfactory scale, the author says. The best option would be to use an appropriate exchange rate policy, Koronowski says, because of the asymmetrical nature of the difficulties being experienced by these countries, including the balance-of-payments aspect of the crisis. However, such a policy is missing in euro-zone countries. In the absence of adequate national economic policies, the EU’s policy towards the PIIGS countries boils down to either explicit or implicit assistance granted by the European Central Bank, the European Commission and member states. According to Koronowski, this violates the underpinnings of the euro zone, undermines the credibility of the European Central Bank, ignores the principle of democratic control over public finances, and ultimately fails to effectively resolve the problem.
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 6.

Tytuł:: Unia Gospodarcza i Walutowa. Perspektywa dla Polski
Autorzy:: Tomaszewski, Marcin
Tematy:: Economic and Monetary Union (EMU), History, Eurozone, Convergence; Pokaż więcej
Wydawca:: Szkoła Główna Handlowa w Warszawie
Powiązania:: https://bibliotekanauki.pl/articles/630007.pdf Link otwiera się w nowym oknie
Opis:: The papers recalls the history of EMU, analyses its present and speculates on the future
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 7.

Tytuł:: Legal and institutional basis of the European Monetary Union.
Prawne i instytucjonalne podstawy Europejskiej Unii Walutowej
Autorzy:: Jagiełło, Maciej
Opis:: This dissertation widlely describes the historical process of creation of the European Monetary Union. The main purpose of this dissertation is to present the legal aspect of functioning of the European Monetary Union. The review includes also the basic concepts of an institutional system of the EMU. Furthermore this dissertation includes the presentation of the actual Polish achievements on the way leading to the eurozone. The last part of this work constitutes the summary of an actual condition of the Euro and is a comment to the latest political and economical events related to the EMU.
Praca szeroko opisuje historię powstania Europejskiej Unii Walutowej. Realizując główny jej cel, ukazano prawny aspekt funkcjonowania Unii. Omówione zostały także podstawowe zagadnienia dotyczące jej instytucjonalnego porządku. Ponadto praca zawiera zestawienie dotychczasowych działań dostosowawczych Polski na drodze do eurostrefy. Ostatnia cześć stanowi podsumowanie obecnej kondycji Euro oraz jest komentarzem do najnowszych wydarzeń politycznych i ekonomicznych dotyczących Europejskiej Unii Walutowej.
Dostawca treści:: Repozytorium Uniwersytetu Jagiellońskiego

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Skocz do pozycji: 8.

Tytuł:: Monetary and financial integration of states: Eurasian regional perspective
Autorzy:: Galushko, Dmitriy V.
Tematy:: Regional integration
monetary union
single currency
European Union
Eurasian Economic Union; Pokaż więcej
Wydawca:: Uniwersytet Gdański. Centrum Prawa Samorządowego i Prawa Finansów Lokalnych
Powiązania:: https://bibliotekanauki.pl/articles/943262.pdf Link otwiera się w nowym oknie
Opis:: One of the main trends of international relations between states is the process of regional integration, which is typical for every region of the world. As a part of the process there is a tendency of integration in financial sphere, particularly creation of monetary unions. The author analyses the main types of international monetary unions in the light of their usefulness for the developing Eurasian integration process. The paper also gives characteristics of the process of creation of international monetary union within the Eurasian Economic Union.
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 9.

Tytuł:: Napływ bezpośrednich inwestycji zagranicznych do krajów unii walutowych w Afryce a potencjał inwestycyjny tych państw
Foreign direct investment inflow to the monetary unions countries in africa and the investment potential of these countries
Autorzy:: Puszer, Blandyna
Szewczyk, Łukasz
Tematy:: Bezpośrednie inwestycje zagraniczne
Economic and Monetary Community of Central Africa
West African Economic and monetary Union
Foreign direct investment
West African Economic and Monetary Union; Pokaż więcej
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Powiązania:: https://bibliotekanauki.pl/articles/588173.pdf Link otwiera się w nowym oknie
Opis:: W ramach integracji krajów afrykańskich działają dwa ugrupowania: UEMOA oraz CEMAC. Wielkość i dynamika napływu BIZ do krajów unii afrykańskich w latach 2007-2016 wykazuje duże zróżnicowanie. Wielkość tych inwestycji w skali światowej jest niewielka, jednak kraje te są zainteresowane jak największym napływem inwestycji zagranicznych. Celem opracowania jest przedstawienie najważniejszych tendencji w napływie bezpośrednich inwestycji zagranicznych (BIZ) do krajów UEMOA oraz CEMAC w latach 2007-2016 oraz podejmowanych działań prowadzących do eliminowania barier i zapewnienia sprzyjających warunków dla zagranicznych inwestorów.
There are two groups of countries as part of the African integration: UEMOA and CEMAC. The magnitude and dynamics of FDI inflows to the African union countries in 2007-2016 vary widely. The size of these investment in the world scale is small, but these countries are interested in the influx of foreign investment as high as possible. The aim of the study is to present the most important trends in the inflow of foreign direct investment (FDI) to the UEMOA and CEMAC countries during the period of 2007-2016 and measures taken to eliminate barriers and provide favorable conditions for foreign investors.
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 10.

Tytuł:: Macroeconomic stability as the condition for Bulgaria to join the euro area
Autorzy:: Moździerz, Anna
Tematy:: macroeconomic equilibrium
macroeconomic stability
monetary union
convergence criteria; Pokaż więcej
Wydawca:: Instytut Badań Gospodarczych
Powiązania:: https://bibliotekanauki.pl/articles/22446419.pdf Link otwiera się w nowym oknie
Opis:: Research background: The subject of research is the macroeconomic situation of Bulgaria in the context of the country's preparations for joining the euro area. In 2018, the Bulgarian government approved a plan of preparations covering the period until the end of June 2019, which assumes that the country will join the ERM II mechanism in July 2019, and the euro area on 1 January 2022. Bulgaria meets four nominal convergence criteria regarding inflation, long-term interest rate, budget deficit and public debt. The national currency is pegged to the euro under the currency board arrangement. Despite this, the implementation of this optimistic scenario may be difficult because since the 2007 crisis, the European institutions pay more attention to macroeconomic stability and the sustainability of convergence. Purpose of the article: The aim of the article is to identify the factors destabilising macroeconomic equilibrium in Bulgaria, which are a potential obstacle to the adoption of the euro by Bulgaria on schedule. Methods: The research was based on the changes in selected macroeconomic indicators, as well as on the method used by the European Commission to detect macroeconomic imbalances. The observation and analysis covered the 2007?2018 period. Findings & Value added: The research results indicate that the low level of socio-economic convergence of Bulgaria and macroeconomic imbalances may delay its membership in the monetary union. Therefore, while respecting the country's aspirations to join the euro area, one cannot ignore the risk of another destabilisation of the euro area.
Dostawca treści:: Biblioteka Nauki

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