EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES

The articles deals with the initial design failures of the European and Monetary Union which could have lead to the current sovereign debt crisis of some of its member-states. It touches upon issues such as the Theory of Optimum Currency Areas, economic imbalances and situation with the public finan...

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Autor principal:	A. N. Tsibulina
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2013
Materias:	european union economic and monetary union euro area theory of optimum currency areas european integration International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/7a1647c500e447b4acfd89cdd11db603
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id	oai:doaj.org-article:7a1647c500e447b4acfd89cdd11db603
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spelling	oai:doaj.org-article:7a1647c500e447b4acfd89cdd11db6032021-11-23T14:50:54ZEСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES2071-81602541-909910.24833/2071-8160-2013-4-31-113-118https://doaj.org/article/7a1647c500e447b4acfd89cdd11db6032013-08-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1283https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The articles deals with the initial design failures of the European and Monetary Union which could have lead to the current sovereign debt crisis of some of its member-states. It touches upon issues such as the Theory of Optimum Currency Areas, economic imbalances and situation with the public finances within the EU. The EU makes efforts to implement new initiatives which could prevent the euro area from future crises while debates remain on the best possible options. These initiatives imply not only deepening of economic integration but also of a political one. Under these circumstances reaching a consensus in EU- 27 becomes quite a challenging process and different groupings of countries might appear and this can even more complicate decision-making and functioning of the EU. While the outcome of the reforms is still to be seen in the future, some macroeconomic indicators show that real adjustment process has started in the periphery countries due to urgent measures taken at the EU level. Nonetheless the latter ones have not yet generated what is necessary for a sustained way out of the crisis.A. N. TsibulinaMGIMO University Pressarticleeuropean unioneconomic and monetary unioneuro areatheory of optimum currency areaseuropean integrationInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 4(31), Pp 113-118 (2013)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	european union economic and monetary union euro area theory of optimum currency areas european integration International relations JZ2-6530
spellingShingle	european union economic and monetary union euro area theory of optimum currency areas european integration International relations JZ2-6530 A. N. Tsibulina EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES
description	The articles deals with the initial design failures of the European and Monetary Union which could have lead to the current sovereign debt crisis of some of its member-states. It touches upon issues such as the Theory of Optimum Currency Areas, economic imbalances and situation with the public finances within the EU. The EU makes efforts to implement new initiatives which could prevent the euro area from future crises while debates remain on the best possible options. These initiatives imply not only deepening of economic integration but also of a political one. Under these circumstances reaching a consensus in EU- 27 becomes quite a challenging process and different groupings of countries might appear and this can even more complicate decision-making and functioning of the EU. While the outcome of the reforms is still to be seen in the future, some macroeconomic indicators show that real adjustment process has started in the periphery countries due to urgent measures taken at the EU level. Nonetheless the latter ones have not yet generated what is necessary for a sustained way out of the crisis.
format	article
author	A. N. Tsibulina
author_facet	A. N. Tsibulina
author_sort	A. N. Tsibulina
title	EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES
title_short	EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES
title_full	EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES
title_fullStr	EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES
title_full_unstemmed	EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES
title_sort	eсonomic and monetary union: correction оf failures
publisher	MGIMO University Press
publishDate	2013
url	https://doaj.org/article/7a1647c500e447b4acfd89cdd11db603
work_keys_str_mv	AT antsibulina esonomicandmonetaryunioncorrectionoffailures
_version_	1718416404659568640

EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES

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