scholarly journals Response of the International Monetary Fund and the European Union to the Global Financial Crisis

2014 ◽  
Author(s):  
Jeta Nushi
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
International Monetary Fund ◽  
Global Financial Crisis ◽  
The European Union ◽  
The Global Financial Crisis ◽  
The International Monetary Fund

scholarly journals The global financial crisis and its effects on the international monetary funds

2022 ◽  
Vol 42 (1) ◽  
pp. 5-24
Author(s):  
Cosimo Magazzino ◽  
Marco Mele
Keyword(s):  
Financial Crisis ◽  
International Monetary Fund ◽  
Global Financial Crisis ◽  
Economic Policies ◽  
A Posteriori ◽  
Ex Ante ◽  
The Global Financial Crisis ◽  
The International Monetary Fund ◽  
Economic And Financial Crisis ◽  
The Imf

ABSTRACT This paper aims to analyze the innovations introduced in the functions of the International Monetary Fund in the context of the 2008 economic and financial crisis. This promoted an action that aimed to strengthen the surveillance function through the adoption of the Integrated Surveillance. Thus, alongside the traditional conditionality based on an a posteriori implementation of adequate economic policies, a criterion of ex ante conditionality in the precautionary branches was also introduced or based on the economic characteristics of the country to be financed. Concerning traditional conditionality, it will be asked whether the IMF has adopted a less extensive approach than its role.

scholarly journals Dispersion of inflation expectations in the European Union during the global financial crisis

Equilibrium ◽  
2016 ◽  
Vol 11 (4) ◽  
pp. 737 ◽  
Author(s):  
Jan Acedański ◽  
Julia Włodarczyk
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Inflation Expectations ◽  
The European Union ◽  
Member States ◽  
Inflation Rates ◽  
Initial Drop ◽  
The Global Financial Crisis ◽  
The Impact

Inflation expectations, both their median and dispersion, are of great importance to the effectiveness of monetary policy. The goal of this paper is to examine the impact of the global financial crisis on dispersion of inflation expectations in the European Union. Using European Commission’s survey data, we find that in the early phase of the crisis the dispersion dropped rapidly but then, after Lehman Brothers’ collapse, the trend reversed and these fluctuations cannot be explained by movements of inflation rates and other commonly used factors. We also observe that, in the new European Union member states, the initial drop of the dispersion was weaker whereas the subsequent rise was stronger as compared to the old member states.

scholarly journals THE IMPACT OF THE GLOBAL ECONOMIC CRISIS ON THE POLAND

2021 ◽  
Vol 9 (4) ◽  
pp. 202-208
Author(s):  
Aleksandra Korczyc
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Global Analysis ◽  
Modern World ◽  
The European Union ◽  
Remedial Actions ◽  
The Government ◽  
The Global Financial Crisis ◽  
The Impact

Purpose of the study: This study aims to present the specifics of the global financial crisis, the threats it brings for Poland in the legal sphere, and possible actions to be taken in this area, particularly at the European Union and Poland level. Methodology: The article uses the historical method and the analysis of documents both at the Polish and European Union levels, including laws, regulations, and decisions. Main Findings: The scope of the financial crisis in question and its relatively easy transfer between markets entails the necessity to apply extraordinary remedial actions. Poland, through its participation in the European Union, seems to be relatively well protected against the effects of the financial crisis. However, it needs to undertake further structural reforms, in particular reforms of public finances. Applications of this study: The current study is highly significant for the government of the day in this modern world; the study could be quite effective and meaningful for Higher Education Institutions, government, banks, financial institutions. Novelty/Originality of this study: Description of the essence of the financial crisis, possibilities of its prevention - earlier possibilities of remedial actions at the institutional and legal level, possibilities of obtaining financial support, global analysis of the problem, including its causes.

Environmental Policy in Times of Crisis

2018 ◽  
pp. 133-151
Author(s):  
Simona Davidescu
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Environmental Policy ◽  
Financial Crisis ◽  
Qualitative Analysis ◽  
Global Financial Crisis ◽  
Policy Formulation ◽  
The European Union ◽  
Policy Failure ◽  
The Global Financial Crisis

This chapter employs qualitative analysis to apply the Index of Policy Activity (IPA) to a relative newcomer to the European Union, Romania. The chapter analyses renewable energy legislation, and finds that the unexpected success of Romania in this policy area is actually a case of ‘reluctant and accidental compliance’ over the period 2008–17. The chapter reveals a case of active, high visibility dismantling from 2013 onwards, which domestic politicians consistently linked to the global financial crisis of 2007–8. However, the analysis suggests that past legacies, sloppy and vague policy formulation, and lack of learning were actually the real drivers of policy failure in Romania and therefore of policy dismantling.

Note Purchase Agreement Between the People's Bank of China and the International Monetary Fund

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
Financial Crisis ◽  
International Monetary Fund ◽  
Global Financial Crisis ◽  
Emerging Market ◽  
Balance Of Payments ◽  
Financial Resources ◽  
Bank Of China ◽  
Emerging Market Countries ◽  
The Global Financial Crisis ◽  
The International Monetary Fund

In light of the international effort to ensure the adequacy of the financial resources available to the Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance, particularly to developing and emerging market countries affected by the global financial crisis, the PBC agrees to purchase from the Fund promissory notes.

scholarly journals State Aid in the European Union Competition Policy in the Context of the Financial Crisis

Equilibrium ◽  
2011 ◽  
Vol 6 (3) ◽  
pp. 43-58
Author(s):  
Krzysztof Rutkiewicz
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Financial Services ◽  
Competition Policy ◽  
Global Financial Crisis ◽  
State Aid ◽  
Point Of View ◽  
The European Union ◽  
The Global Financial Crisis ◽  
Union Competition

The main subject of the paper is the issue of granting state aid discussed from the point of view of the most important changes in the European Union competition policy as a result of the global financial crisis. The author makes a review of state aid related to the financial crisis in the European Community. The article includes a detailed description of reasons for the economic interventions which has been designed and taken by the Member States in the form of various schemes, plans and objectives. The directions of the main changes in the structure of state aid granted to the financial institutions in absolute and relative terms are shown. It was essential to notice the significant European Commission’s role ensuring that large support schemes for the financial sector will be implemented in compliance with the state aid rules and do not create undue distortions of competition. The paper contains numerous legal materials, including primary and secondary legislation, as well as European case law. The author also relied on the literature and articles on the notified state aid connected with the financial services sector and banking crisis.

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