PL EN


2006 | 2(13) | 176-207
Article title

THE EURO ZONE AS THE EFFECT OF MONETARY INTEGRATION. ITS FUNCTIONING IN THE REALITY OF MONETARY AND BUDGET POLICIES

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The aim of the paper is to examine the experiences of the euro zone functioning over the last few years. The authoress is considering the importance and effectiveness of using the convergence criteria in preparing the EU countries for participation in the euro zone.She then moves on to institutional and legal solutions concerning a single monetary policy in the euro zone and decentralized budget policy of the member states. In particular, she analyses the practical functioning of solutions disciplining a budget policy as included in the Pact of Stability and Rise. The conducted research indicates that the public finance regulations have not been able to efficiently reduce too high budget deficits. The new member states of the EU preparing for entering the euro zone should immediately start the reform of their public finance which would enable them to reduce the risk of too high budget deficits that might arise after replacing their national currencies with the euro.
Year
Issue
Pages
176-207
Physical description
Document type
ARTICLE
Contributors
author
  • L. Oreziak, Wyzsza Szkola Handlu i Prawa w Warszawie, Wydzial Ekonomiki i Zarzadzania, Katedra Uslug Finansowych, ul. Swieradowska 43, 02-662 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06PLAAAA01373086
YADDA identifier
bwmeta1.element.1e40db2c-c00a-3c84-966a-b9ef45d9d1a9
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