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Unia gospodarcza i walutowa w świetle teorii optymalnych obszarów walutowych - wnioski z kryzysu. (Polish)
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- Author(s): Adamiec, Danuta
- Source:
Studia BAS; 2019, Vol. 59 Issue 3, p31-48, 18p- Subject Terms:
- Source:
- Additional Information
- Alternate Title: Economic and Monetary Union in light of the Optimum Currency Areas theory - lessons from the crisis. (English)
- Subject Terms:
- Abstract: The article explores the relationship between development of monetary integration within the European Union and the Optimum Currency Areas (OCA) theory, with particular attention given to lessons learned from eurozone crisis. The author begins with presenting the OCA theory, its evolution and role in the creation of Economic and Monetary Union (EMU). Next, the financial crisis in eurozone is discussed in light of the OCA theory and EMU reforms, with particular focus on financial stability, fiscal policy and financial integration. The author argues that the crisis highlighted the importance of ensuring shock absorption mechanisms, as well as turned attention to financial integration and fiscal union criterion of the OCA. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Studia BAS is the property of Kancelaria Sejmu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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