scholarly journals Financial Integration in the Context of the European Union

2021 ◽  
pp. 1-14
Author(s):  
Ariunaa Damdinsuren
Keyword(s):  
European Union ◽  
Monetary Union ◽  
European Monetary Union ◽  
Financial Integration ◽  
Preventive Measures ◽  
The European Union ◽  
Common Currency ◽  
European Monetary ◽  
The World ◽  
Pros And Cons

As the world continues to see various facets of financial integration, the topic has sparked a great deal of discussions among policymakers and economists. The article analyzes benefits and risks of financial integration in the context of the European Union, which has facilitated global financial integration immensely by creating common currency among European Monetary Union countries and harmonizing regulations across the region. Upon examining main pros and cons of financial integration in detail, I conclude that financial integration can be beneficial in the longrun if corrective and preventive measures are enforced to curtail risks and threats it poses.

scholarly journals The European monetary Union and euro

2002 ◽  
Vol 54 (1-2) ◽  
pp. 99-114
Author(s):  
Mina Zirojevic ◽  
Sanja Jelisavac
Keyword(s):  
European Union ◽  
Monetary Union ◽  
European Monetary Union ◽  
The European Union ◽  
European Monetary ◽  
Member States ◽  
The World

The authors present and analyses the effects of introducing EURO on the European Union Market. On 1 January 2002, the euro banknotes and coins are introduced in 12 Member States of the European Union. But what is the background to the euro? Which countries are involved? How did the euro evolve? On the following pages, you will find the answers to these and many other questions along with all the information you will need about the biggest monetary changeover in history. So, whether you are in Europe or elsewhere in the world, why not take a journey with us to discover how the euro evolved?

The Architecture of EMU

2020 ◽  
Author(s):  
Cornelia Manger-Nestler
Keyword(s):  
European Union ◽  
Monetary Union ◽  
European Monetary Union ◽  
The European Union ◽  
European Monetary ◽  
The Past ◽  
The Asymmetry ◽  
Guiding Principles ◽  
Inner Circle

Each description of an ‘architecture’ implies the analysis of the fundamental architect’s plan, leading principles and conditions of existence, which define the design and the shape of the ‘construction’. This applies specifically to the European Monetary Union (EMU), which is inscribed to the European Union (EU) as a kind of an inner circle, because of the intensified kind of union. Looking at the guiding principles in shape of irreversibility and conditionality, it soon becomes evident that, from its beginnings, the architecture of the EMU was a challenge. Owing to the asymmetry of the EMU, this finding has not changed in the past twenty years since the foundation of the EMU.

scholarly journals Integracja gospodarcza Danii, Finlandii i Szwecji z Unią Europejską

2015 ◽  
pp. 227-247
Author(s):  
Leszek Leśniewski
Keyword(s):  
European Union ◽  
Comparative Study ◽  
European Integration ◽  
Economic Integration ◽  
Monetary Union ◽  
European Monetary Union ◽  
The European Union ◽  
European Monetary ◽  
Global Crisis ◽  
Opt Out

This paper explores economic integration of the Scandinavian states (Denmark, Finland and Sweden) with the European Union during the global crisis. The aim of this paper is to present comparative study of different choices made by these countries with regard to the European integration: EMU opt – out clause in Denmark, membership of Finland in the European Monetary Union and derogation for Sweden – and as result different reaction to the financial and economic crises

DID THE INTRODUCTION OF THE EURO HAVE AN IMPACT ON INFLATION UNCERTAINTY?—AN EMPIRICAL ASSESSMENT

2013 ◽  
Vol 18 (6) ◽  
pp. 1313-1325 ◽  
Author(s):  
Matthias Hartmann ◽  
Helmut Herwartz
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Monetary Union ◽  
European Monetary Union ◽  
Control Groups ◽  
European Monetary ◽  
Inflation Uncertainty ◽  
Inflation Risk ◽  
Recent Financial Crisis ◽  
Risk Processes

We compare inflation uncertainty in distinguished groups of economies. Results indicate that during the recent financial crisis the global inflation climate has become markedly more uncertain than previously. We document that in comparison to other economies, member states of the European Monetary Union are less exposed to inflation uncertainty. Three European Union members that are not part of the monetary union and five other OECD member economies serve as control groups. With regard to the quantification of inflation uncertainty, results are robust over a set of alternative estimates of the latent inflation risk processes.

scholarly journals Risks of a slow-motion EMU reform

2019 ◽  
Vol 16 (2) ◽  
pp. 226-237
Author(s):  
László Andor
Keyword(s):  
European Union ◽  
Monetary Union ◽  
Euro Area ◽  
Slow Motion ◽  
Critical Assessment ◽  
Economic And Monetary Union ◽  
Reform Process ◽  
The European Union ◽  
Eurozone Crisis ◽  
Pros And Cons

The article provides a critical assessment of how the Economic and Monetary Union was designed, implemented and reformed in the European Union and discusses the risks of a slow-motion reform process. It is argued that the fact that the euro area economy has recovered in the last few years has become a source of complacency and delays. In particular, powerful forces continue to downplay the importance of systemic reconstruction and the risk of disintegration remains high despite the relative tranquillity of markets in the 2014–2018 period. Finally, the article evaluates competing paradigms about the eurozone crisis and the pros and cons of fiscal capacity building.

scholarly journals Encrucijadas de la moneda única. Algunas claves para una reflexión desde la periferia

2015 ◽  
Vol 8 (22) ◽  
Author(s):  
Fernando Luengo Escalonilla Lucía Vicent Valverde
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Monetary Union ◽  
Community Leaders ◽  
Economic And Monetary Union ◽  
The European Union ◽  
Spanish Economy ◽  
European Monetary

<p> </p><p>The article reflects about the viability and implications of the Economic and Monetary Union from a Southern periphery of the European Union perspective, especially that of the Spanish economy. The argument is developed through two ideas: a) euro zone’s reconfiguration carried out by community leaders has preserved and also has sharpened imbalances and asymmetries that triggered the economic crisis, b) the debate on how to overcome it contains and transcends the dilemma that arises from being  part of the European Monetary area, or not.</p><p> </p>

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