Issues around the preservation of monetary sovereignty bythe european union member states in the context of european integration

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Issues around the preservation of monetary sovereignty bythe european union member states in the context of european integration

Popis výsledku v původním jazyce

The given article highlights the problem of the preservation of monetary sovereignty by the EU Member States in the course of European integration. The goal of the article is to find an answer to the question, whether EU Member States preserve, partly lose or lose their monetary sovereignty completely in the process of EU integration. To achieve the given goal the author anlyses monetary sovereignty as a legal category and as part of the financial sovereignty, and characterizes monetary sovereignty in the narrow and broader sense of the word. The author claims that it would be more correct to understand monetary sovereignty in its broader sense, when it implies the authority to control the financial system of one's territory on the whole, not just the currency unit. In this article there is an analysis of the modern concept of monetary sovereignty formed under the influence of the processes of European integration. According to the author, in terms of the modern concept of monetary sovereignty, it should be considered a divisible value, which can be divided among several subjects and as result there appear several levels of monetary sovereignty. It is suggested that monetary sovereignity should not be considered as a static construction of rigidly fixed authorities, but as a dynamic system where sovereign powers can be temporarily delegated to the supranational organization. The author points out that to estimate to what extent the state has preserved (or lost) its monetary sovereignty the "status" of delegated authorities matters (i.e. the amount of delegated authorities; whether they are delegated temporatily or for good; whether the state has lost or preserved the right to make an impact on these authorities). Besides, the author determines the "boundaries of loss" of monetary sovereignty. A conclusion is made that in case of membership in an economic or monetary union as part of the European Union, one cannot speak of a complete loss of monetary sovereignty by the Member States, but only of a temporary restriction of exercising their sovereign authorities, caused by the delegation of most of the competences to the transnational level. The author used inductive cognitive methods and made an analysis based on the comparison of particular European countries.

Název v anglickém jazyce

Issues around the preservation of monetary sovereignty bythe european union member states in the context of european integration

Popis výsledku anglicky

The given article highlights the problem of the preservation of monetary sovereignty by the EU Member States in the course of European integration. The goal of the article is to find an answer to the question, whether EU Member States preserve, partly lose or lose their monetary sovereignty completely in the process of EU integration. To achieve the given goal the author anlyses monetary sovereignty as a legal category and as part of the financial sovereignty, and characterizes monetary sovereignty in the narrow and broader sense of the word. The author claims that it would be more correct to understand monetary sovereignty in its broader sense, when it implies the authority to control the financial system of one's territory on the whole, not just the currency unit. In this article there is an analysis of the modern concept of monetary sovereignty formed under the influence of the processes of European integration. According to the author, in terms of the modern concept of monetary sovereignty, it should be considered a divisible value, which can be divided among several subjects and as result there appear several levels of monetary sovereignty. It is suggested that monetary sovereignity should not be considered as a static construction of rigidly fixed authorities, but as a dynamic system where sovereign powers can be temporarily delegated to the supranational organization. The author points out that to estimate to what extent the state has preserved (or lost) its monetary sovereignty the "status" of delegated authorities matters (i.e. the amount of delegated authorities; whether they are delegated temporatily or for good; whether the state has lost or preserved the right to make an impact on these authorities). Besides, the author determines the "boundaries of loss" of monetary sovereignty. A conclusion is made that in case of membership in an economic or monetary union as part of the European Union, one cannot speak of a complete loss of monetary sovereignty by the Member States, but only of a temporary restriction of exercising their sovereign authorities, caused by the delegation of most of the competences to the transnational level. The author used inductive cognitive methods and made an analysis based on the comparison of particular European countries.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50501 - Law

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Tax sovereignty and the concept of fiscal rule-making in the countries of central and eastern europe, conference proceedings

ISBN

9785927326655

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

42-50

Název nakladatele

Voronezh State University, Law Faculty, Financial Law Department

Místo vydání

Voronezh

Místo konání akce

Voronezh

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000506077900003