Publication detail

Contemporary Development of the European Monetary Union and its Risk Factors

REJNUŠ, O.

Original Title

Contemporary Development of the European Monetary Union and its Risk Factors

Type

conference paper

Language

English

Original Abstract

The paper deals with the problems of the development of financial system of the European Union (EU) countries with special focus on solution of existing crisis. First and foremost, reasonability and present advancement in accomplishing “Euro Area” project, including the process of progressive introduction of single European currency is assessed. In connection with this, existing development of the European Union, with special focus on specification of contemporary economic problems that are currently being solved by enforcing so called “rescue” measures, is analysed. This is described as „European Stability Mechanism“ (ESM), which is related to recent adoption of principles of so called “banking union”. As these are non-standard political decisions with exceptionally important economic and social impact, their content is analysed in system context, with the goal to evaluate their benefits and risks, not only in the context of future economic development of the European Union, but from the point of view of benefits with respect to European population and human society.

Keywords

Financial system; Eurozone; regulation; central banks; quantitative easing

Authors

REJNUŠ, O.

Released

19. 6. 2015

Publisher

Masaryk University

Location

Brno

ISBN

978-80-210-7962-5

Book

European Financial Systems 2015. Proceedings of the 12th. International Scientific Conference, Brno: Masaryk University, 2015.

Edition

First edition

Pages from

498

Pages to

506

Pages count

9

BibTex

@inproceedings{BUT116146,
  author="Oldřich {Rejnuš}",
  title="Contemporary Development of the European Monetary Union and its Risk Factors",
  booktitle="European Financial Systems 2015. Proceedings of the 12th. International Scientific Conference, Brno: Masaryk University, 2015.",
  year="2015",
  series="First edition",
  pages="498--506",
  publisher="Masaryk University",
  address="Brno",
  isbn="978-80-210-7962-5"
}