scholarly journals Integration of the Financial Market EU after the Financial Crisis

2018 ◽  
Vol 27 (5) ◽  
pp. 67-78
Author(s):  
Anna Krawczyk-Sawicka

The EU integration and the creation of the so-called European single financial market requires creation of institutional solutions corresponding to the integrated structure. At the moment, we are dealing with globalisation of financial markets, and thus with a growth in their integration. However, full integration of the financial system, or the lack thereof, will be only achieved when European states overcome the still lasting financial crisis and its effects in the form of recession in most EU countries. The purpose of this article is to present the situation concerning the integration of financial markets, as illustrated with the example of countries belonging to the EU, with emphasis on the situation on the Polish financial market after the deepest and the most severe financial crisis for the world economies, namely after 2008–2009 as compared with the period preceding the financial crisis.

TEME ◽  
2018 ◽  
pp. 129
Author(s):  
Ђуро М. Ђурић ◽  
Владимир М. Јовановић ◽  
Мирјана М. Мисаиловић

The objective of this paper is to present the regulation of insolvency of banks and other financial institutions in some West Balkans countries (Serbia, Montenegro and FYROM) candidates for the EU membership and its development under the influence of the EU regulations. This question has become particularly interesting since the onset of the world financial crisis of 2008. Banks and financial institutions from the EU countries are among major players in financial markets. The crisis has shown that the models that have previously existed were not sufficient and did not enable an adequate level of cooperation between member states, in order to minimize the spreading of negative effects of individual insolvencies and problems of individual financial institutions across the EU and all over the world. Therefore, changes were needed in the regulations, and indeed, certain changes have been made. This paper tries to see and evaluate the enlargement of the EU which is currently not on top of the EU political and economic agenda, the candidate countries are in the process of adjusting their legislation and practices in order to be better prepared for negotiating with the EU, but also in order to make their respective economic conditions and markets more harmonized with the EU countries, therefore making them more attractive to potential foreign investors. We shall attempt to give a brief analysis of how several West Balkans EU candidate countries have reacted to the described changes in the EU regulations regarding financial institutions and handling their financial difficulties.


2017 ◽  
Vol 39 (5) ◽  
pp. 108-112 ◽  
Author(s):  
G. G. Geletukha ◽  
T. A. Zheliezna ◽  
A. I. Bashtovyi ◽  
G. I. Geletukha

Key figures on the development of bioenergy in Europe and in the world are presented. Best practices of biofuel market operation in the EU countries are analyzed. Conception for the creation of biomass logistic and trade centers is described.


2019 ◽  
Vol 16 (1) ◽  
Author(s):  
Joachim Wuermeling

Abstract The departure of the global financial centre in London from the EU raises fundamental questions about the future of the European financial market. But we should refrain from discussing which European financial centre will get which part of the London pie. Instead, we ought to be asking: How can we develop a European financial system that spreads investment and risk among many strong shoulders?


Author(s):  
Daniela Palaščáková ◽  
Nataliia Stepaniuk

Poverty is a phenomenon which is present in all parts of the world. The main objective of the paper is to assess poverty in Slovakia compared with selected EU countries through cluster analysis. To the best of the country combined into clusters so as to achieve maximum similarity in terms of the monitoring indicators of poverty in the group, and the largest difference between the groups. Joining countries into clusters to be followed in a period of three years - 2006, 2009 and 2012 in order to determine the impact of the economic and financial crisis on poverty and social exclusion in the EU


2011 ◽  
Vol 55 (1-2) ◽  
Author(s):  
Rüdiger Pohl

Financial crisis bettered - consequential damage remains. Reflections on the financial crisis. Among the characteristics of the financial system the most unfavorable is its inherent instability. As Keynes pointed out, this instability emerges from inevitable uncertainty in financial markets. Although a much more pronounced one than the crises before the financial crisis of 2007 was a consequence of this instability. In case of a crisis the government may prevent the financial system from collapsing, as could be seen in the aftermath of 2007. However, there is no chance for an ex ante avoidance of financial crises. Even stricter regulation, which makes sense in order to strengthen the resilience of financial institutions against shocks, may only reduce but not eliminate the probability of crises. Despite its instability the financial system contributes significantly to the dynamic trend growth of the world economy. The direct costs of the 2007 crisis in terms of output losses could turn out to be relatively small on the global level. The paradigm shift in the EU regarding government debt should cause more concern. The non-bail-out-paradigm is undermined by the new European Stability Mechanism (ESM). The ESM delivers financial assistance to over-indebted member states. By this market signals will be suppressed and incentives for a debt reduction will be weakened - bad news for the Euro.


2008 ◽  
pp. 4-19 ◽  
Author(s):  
A. Ulyukaev ◽  
E. Danilova

The authors point out that the local market crisis - on the USA substandard loan market - has led to the uncertainty of the world financial market. It has caused the growing demand for liquidity in the framework of the world financial system. The Russian banking sector seems to be more stable under negative changes than banking systems of other emerging markets. At the same time one can assume that the crisis will become the factor of qualitative shift in the character of the Russian banking sector development - the shift from impetuous to more balanced growth.


Significance This could create an alternative benchmark safe-haven asset to rival German Bunds within the region. As part of its issuance plans, the EU intends to issue at least EUR50bn in green bonds annually, which is likely to make it the world’s largest issuer of these bonds. Impacts The increased importance of EU bonds over time will help to support the euro's value and could eventually put pressure on the dollar. The EU is leading the world in green bond issuance, but the risk of spurious environmental claims (‘greenwashing’) must be managed. The creation of new EU bonds will help reduce the funding costs of riskier euro-area members such as Italy.


Author(s):  
Miroslav Svatoš ◽  
Luboš Smutka

This paper analyses the commodity structure of Czech (CR) agrarian trade in relation to the EU countries. An emphasis is put on comparative advantages of particular aggregations from the view-point of their application on the EU internal market. This analysis is based on an evaluation of comparative advantages by means of a modified Balassa index. It is studied in two stages, for the internal EU market and the world market. The analysis results are then shown in a graph. Subsequently, the authors implement an idea arising from a BCG matrix on the results of the graphic presentation. The aim is to identify those aggregations (SITC, rev. 3) which are or have a potential to be a pillar of agri-business (ie, the “cash cows” and “stars”), and vice versa to show the aggregation which are non-prospective in the long term or problematic (ie, the “dogs” and “problem children”). As start are identified as those aggregations which are characterised by the highest growth rate of comparative advantage value. From the analysis results, changes are apparent if we compare the CR trade commodity structure in relation to the EU countries. Findings also concern the development of comparative advantages and following CR specialisation on trade with certain aggregations.


Author(s):  
N. Arbatova

The focal point of the article is the future of the European Union that has been challenged by the deepest systemic crisis in its history. The world economic and financial crisis became merely a catalyst for those problems that had existed earlier and had not been addressed properly by the EU leadership. The author argues that the EU crisis can be overcome only by new common efforts of its member-states and new integrationist projects.


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