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@proceedings{1316102, author = {Rejnuš, Oldřich}, booktitle = {European Financial Systems 2015}, keywords = {Financial system; Eurozone; regulation; central banks; quantitative easing}, language = {eng}, isbn = {978-80-210-7962-5}, title = {Contemporary Development of the European Monetary Union and its Risk Factors}, year = {2015} }
TY - CONF ID - 1316102 AU - Rejnuš, Oldřich PY - 2015 TI - Contemporary Development of the European Monetary Union and its Risk Factors SN - 9788021079625 KW - Financial system KW - Eurozone KW - regulation KW - central banks KW - quantitative easing N2 - 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. ER -
REJNUŠ, Oldřich. Contemporary Development of the European Monetary Union and its Risk Factors. In \textit{European Financial Systems 2015}. 2015. ISBN~978-80-210-7962-5.
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