Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Refine search results

Journals help

  1. 1 Finansowy Kwartalnik Internetowy e-Finanse

Authors help

  1. 1 Spirzewski K.

Years help

  1. 1 2016

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  Currency Competi ti on
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Content available remote

Currency competition in the Eurozone: an answer to the crisis

100%
Spirzewski K.
Finansowy Kwartalnik Internetowy e-Finanse
|
2016
|
vol. 12
|
issue 1
12-20
EN
The common currency was created as a result of theoreti cal considerati ons regarding the functi oning of opti mum currency areas. This theory refers to a number of benefi ts as well as costs. It imposes a number of requirements that are necessary for the newly created structure to be considered opti mum. The economies of Eurozone countries did not meet these requirements. In consequence, the present functi oning of the Eurozone encounters many disturbances – the strong differentiation of the balance of payments is a signifi cant example. The reforms initi ated in the European Union and undertaken in response to the fi nancial crisis encompassed the Eurozone countries, yet they only concern fi nancial policy. The adopted strategy of action arouses questions as to its effectiveness. The aim of this arti cle is to present one of the reasons for the Eurozone crisis and a proposal for changing the monetary policy, in particular the exchange rate. In view of this objecti ve, the main hypothesis reads as follows: one of the methods of counteracting the crisis is to introduce currency competition within the Eurozone.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.