The "no bail-out" principle in the euro area's rescue mechanisms

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

The "no bail-out" principle in the euro area's rescue mechanisms

Popis výsledku v původním jazyce

To overcome the debt crisis, which takes place in some euro area countries, especially the European Stability Mechanism was created. Many authors argue that it is a breach of the no bail-out principle (prohibition of the financial aid). The paper deals first with the question what is the content of the no bail-out principle? Another question is whether the ESM assistance is a violation of this principle? The no bail-out principle is interpreted according to the Treaty on the Functioning of the EU. Thisprinciple means a prohibition of the liability for commitments or a prohibition of assumption of commitments by the Union or a Member State. A comparison of this interpretation with forms of assistance provided by the ESM leads to the conclusion that theno bail-out principle is not violated. The paper also discusses this conclusion in the context with the prospects of the euro?s introduction in the Czech Republic.

Název v anglickém jazyce

The "no bail-out" principle in the euro area's rescue mechanisms

Popis výsledku anglicky

To overcome the debt crisis, which takes place in some euro area countries, especially the European Stability Mechanism was created. Many authors argue that it is a breach of the no bail-out principle (prohibition of the financial aid). The paper deals first with the question what is the content of the no bail-out principle? Another question is whether the ESM assistance is a violation of this principle? The no bail-out principle is interpreted according to the Treaty on the Functioning of the EU. Thisprinciple means a prohibition of the liability for commitments or a prohibition of assumption of commitments by the Union or a Member State. A comparison of this interpretation with forms of assistance provided by the ESM leads to the conclusion that theno bail-out principle is not violated. The paper also discusses this conclusion in the context with the prospects of the euro?s introduction in the Czech Republic.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Hospodářská politika v členských zemích EU

ISBN

978-80-7510-045-0

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

256-262

Název nakladatele

Slezská univerzita v Opavě

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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