Incomplete EMU Integration as an Amplifief of Financial Crisis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00082021" target="_blank" >RIV/00216224:14560/14:00082021 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Incomplete EMU Integration as an Amplifief of Financial Crisis
Original language description
The financial crisis that hit major economies in 2007?2008 and the following recession triggers several fiscal and monetary policy responses. Although there are many important differences among major economies and their financial systems, central banks reacted almost identically by waves of various easing programs. In my contribution, I will focus on the coping with the crisis by FED, BoE, and ECB. I will compare the size, composition, and development of balance sheets of these central banks as well asan institutional context of their policy operations. On the basis of these comparisons, I will claim that the half-way European integration, limited to monetary union only without banking or fiscal union, is an important factor deepening the financial crisis and postponing its solution.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 2nd International Conference on European Integration 2014
ISBN
9788024833880
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
297-303
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Jan 1, 2014
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
000346144900032

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