Euro, Das Eurosystem und Die Europäische Wirtschafts- und Währungsunion PDF Download

Author: Uwe Staroske
Publisher: LIT Verlag Münster
ISBN: 3825813940
Category : Business & Economics
Languages : en
Pages : 265

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Book Description
About one decade has elapsed since the introduction of the Euro: Has the Euro proved to be a stable currency? Doubts might be left. Large segments of the financial system seem to be coming apart at the seams, bailout plans have been approved. Is even a withdrawal from the European Unification going to be likely? This sounds popular, but this may be an undertaking with an uncertain ending. The contributions do not intend to give rash answers. A strengthening of the Euro is necessary, and should be preferred to its abolition. To make the Euro fit for the future is the order of the day.

Author: Helmut Siekmann
Publisher: Bloomsbury Publishing
ISBN: 1509918973
Category : Law
Languages : en
Pages : 1536

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Book Description
This book provides a commentary on the law of the EU related to the Monetary Union. It contains a comprehensive analysis of all provisions of the Statute of the European System of Central Banks (ESCB) and the European Central Bank (ECB). In addition, the book also analyses all provisions of the Treaties themselves which regulate the ESCB and the ECB. This analysis is supplemented by commentaries on other Protocols which contain relevant rules for the Monetary Union. In essence, all relevant statutory rules governing the euro and its key monetary authority, the European Central Bank, are unfolded and explained in one volume. This gives the book a unique position in the legal literature on the law of the EU. With contributions by renowned academics and practitioners, this book is an expanded and updated translation of the 2013 German commentary, EWU Kommentar zu Europäischen Währungsunion (Mohr Siebeck) and is an invaluable resource for practitioners and academics alike who are looking for a provision-by-provision commentary on the laws governing the European Monetary Union.

Author: Hermann Witte
Publisher: LIT Verlag Münster
ISBN: 3643908334
Category : Business & Economics
Languages : en
Pages : 167

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Book Description
The economic crisis in Greece led to discussions on whether the euro was secure. To answer this question, first the functions of money, the theoretical basis of monetary policy, and the criteria for the security of a currency must be discussed. The crisis demonstrates that neither Keynesian interest control nor the monetarisms control of the money amount can solve the problem that led up to the crisis. The new approach of monetary theory discussed here is based on equilibriums of goods, money, and labor markets. The found equilibrium solution is not identity (approach of monetarism) and not "equilibrium with unemployment" (Keynes). But the approach in this book leads to a secure currency. (Series: Lingener Studies on Management and Technology / Lingener Studien zu Management und Technik, Vol. 6) [Subject: Economics]

Author: Dirk Meyer
Publisher: Springer Nature
ISBN: 3658386436
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
European integration efforts are on the brink of collapse. In its current state, the European Monetary Union is unintentionally acting more as a dis-integration factor than as a unifying element. Dirk Meyer provides descriptions, analyses and background information on the current crisis. The book is the result of more than ten years of work on the subject.

Author: Fabian Amtenbrink
Publisher: Oxford University Press
ISBN: 0192512498
Category : Law
Languages : en
Pages : 1808

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Book Description
Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.

Author: Markus D.W. Stoffels
Publisher: Nomos Verlag
ISBN: 3748901879
Category : Law
Languages : en
Pages : 75

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Book Description
Der Verfasser untersucht die – im Verhältnis zu Aktualität und Praxisrelevanz – wenig erforschte Frage, ob die Euroeinführung für alte und neue Mitgliedstaaten mit dem EU-Beitritt verpflichtend wird. Er analysiert hierzu zunächst, ob die Euroeinführung im Prinzip – zunächst unter bewusster Ausblendung des problematischen Wechselkurskonvergenzkriteriums – einen verpflichtenden Charakter hat. Nach Bejahung dieser Frage wendet er sich dem Wechselkurskonvergenzkriterium zu und stellt fest, dass die formelle WKM II-Teilnahme ein notwendiges, aber nicht hinreichendes Kriterium zur Erfüllung dieses Konvergenzkriteriums ist. Da die WKM II-Teilnahme aber ihrerseits freiwillig ausgestaltet ist, macht dies im Ergebnis auch die Euroeinführung insgesamt freiwillig. Ein Mitgliedstaat kann die Euroeinführung daher wie Schweden einfach umgehen, indem er dem WKM II nicht beitritt. Der Autor zeigt immer wieder auf, wie verschiedene Gruppen von EU-Mitgliedstaaten hinsichtlich der Euro-Einführung in der Vergangenheit behandelt wurden.

Author: Hans-Werner Sinn
Publisher: OUP Oxford
ISBN: 0191024759
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. The euro induced huge capital flows from the northern to the southern countries of the Eurozone that triggered an inflationary credit bubble in the latter, deprived them of their competitiveness, and made them vulnerable to the financial crisis that spilled over from the US in 2007 and 2008. As private capital shied away from the southern countries, the ECB helped out by providing credit from the local money-printing presses. The ECB became heavily exposed to investment risks in the process, and subsequently had to be bailed out by intergovernmental rescue operations that provided replacement credit for the ECB credit, which itself had replaced the dwindling private credit. The interventions stretched the legal structures stipulated by the Maastricht Treaty which, in the absence of a European federal state, had granted the ECB a very limited mandate. These interventions created a path dependency that effectively made parliaments vicarious agents of the ECB's Governing Council. This book describes what the author considers to be a dangerous political process that undermines both the market economy and democracy, without solving southern Europe's competitiveness problem. It argues that the Eurozone has to rethink its rules of conduct by limiting the role of the ECB, exiting the regime of soft budget constraints and writing off public and bank debt to help the crisis countries breathe again. At the same time, the Eurosystem should become more flexible by offering its members the option of exiting and re-entering the euro - something between the dollar and the Bretton Woods system - until it eventually turns into a federation with a strong political power centre and a uniform currency like the dollar.

Author: Robert Freitag
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 311063774X
Category : Law
Languages : en
Pages : 211

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Book Description
Twenty years following the introduction of the euro as single European currency, it remains unclear whether Article 128 of the TFEU enshrines an autonomous concept of legal tender with regard to the euro or whether the provision merely refers to pre-existing concepts of legal tender in the national laws of member states. This work collects all contributions to the 2018 conference "The Euro as Legal Tender" held in Frankfurt-am-Main.

Author: Collegium Polonicum (Institution)
Publisher: Logos Verlag Berlin GmbH
ISBN:
Category : Political Science
Languages : en
Pages : 150

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Book Description
Die Schriftenreihe "Thematicon" prasentiert Ergebnisse der interdisziplinaren Forschung aus den Bereichen Kulturwissenschaft, Recht, Politologie, Wirtschaftswissenschaften, Umweltschutz und Raumordnung. Einen besonderen Schwerpunkt bilden hier Probleme der Kommunikation zwischen Kulturen und sozialen Strukturen.Das Collegium Polonicum, eine grenzuberschreitende Einrichtung der Adam-Mickiewicz-Universitat Poznan und der Europa-Universitat Viadrina Frankfurt (Oder), widmet sich in Forschung und Lehre dieser Problematik.

Author: Thomas Apolte
Publisher: Lucius & Lucius DE
ISBN: 9783828202931
Category : Business & Economics
Languages : de
Pages : 354

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Book Description
DIE REIHE: SCHRIFTENREIHE ZU ORDNUNGSFRAGEN DER WIRTSCHAFT herausgegeben von Thomas Apolte, Martin Leschke, Albrecht F. Michler, Christian Müller, Rahel M. Schomaker und Dirk Wentzel Die Reihe diskutiert aktuelle ordnungspolitische und institutionenökonomische Fragestellungen. Durch die methodische Vielfalt richtet sie sich an Fachleute, an die Öffentlichkeit und an die Politikberatung.