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1

The Position of National Parliaments within the New EU Economic Governance

100%
Adamiec D.
Yearbook of Polish European Studies
|
2013
|
vol. 16
s.189-208
EN
Recent initiatives in the field of the economic governance and the Eco¬nomic and Monetary Union, similarly as to treaty revisions, influence the position of national Parliaments in the EU and create an impulse to rethink domestic arrange¬ments for handling EU affairs in individual Member States, as well as to redefine the system of inter-parliamentary co-operation. As a consequence, the discussion con¬cerning the democratic legitimacy of economic governance opens a new chapter in evolution of the role of European national legislatures in the EU. The aim of this arti¬cle is to present the legal and political aspects of the national Parliaments’ position within the new EU economic governance, and assess their ability to ensure demo¬cratic legitimacy in the context of their current legal position in the EU.
2
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Instrumenty zarządzania kryzysem w obszarze polityki budżetowej w unii gospodarczej i walutowej

80%
Latoszek E., Sacharski K.
Studia Europejskie-Studies in European Affairs
|
2013
|
issue 3
s.87-114
EN
Before 2008, the establishment of the euro area was estimated as one of the most important achievements of the European Union. Unfortunately the world economic crisis has revealed its weakness, including the structure and the functioning of the European Central Bank and the whole system, as well as unsatisfactory results of the process of coordination of economic policy in EU. It also aroused the discussion not only on the future of the Economic and Monetary Union, but also on the future of the whole European Union. The main aim of the article is to analyse the most important instruments of the EU financial regulatory system in managing the financial crisis in the EU. The first part of the article focuses on different attitudes to monetary and budget policies in the EMU and the nature of the instruments established before 2008 to support their coordination. Another part of the article covers the most important issues connected with the background of the crisis in the euro area and the new financial regulatory instruments, such as the European Stability Mechanism or the Fiscal Compact, which were established after 2008. In addition, in order to show the main trends which will take place in the EU in the nearest future, the final part of the article focuses on presenting four scenarios for the euro area.
3

Teoria optymalnych obszarów walutowych a budowa unii walutowej w Europie

61%
Riedel R.
Przegląd Europejski
|
2013
|
issue 2(28)
7-16
PL
Aktualny kryzys gospodarczy w Europie zakwestionował samo sedno projektu integracyjnego w Europie – waluty euro. W związku z tym zasadne jest odniesienie się do samych koncepcyjnych podstaw Unii Gospodarczej i Walutowej, czyli teorii optymalnych obszarów walutowych Roberta Mundella. Warto zadać sobie pytanie, czego uczy nas kryzys i jakie aplikowane są środki naprawcze, a także jak aktualna sytuacja weryfikuje ową teorię. Celem niniejszej analizy jest rekonstrukcja głównych twierdzeń teorii optymalnych obszarów walutowych i próba ich interpretacji przez pryzmat stanu zaawansowania w europejskiej unii walutowej i szerzej w Unii Europejskiej jako takiej. Podobnie jak proces integracji europejskiej wymyka się ramom tradycyjnych teorii stosunków międzynarodowych, tak samo unikatowość konstrukcji europejskiej unii walutowej przejawia się również w wymiarze teoretycznym. Widać, że klasyczne teorie, takie jak teoria optymalnych obszarów walutowych nie stanowią skutecznego wehikułu eksplanacyjnego pozwalającego zrozumieć, wyjaśnić i – co najważniejsze – prognozować proces budowy unii walutowej i jej komponentów.
EN
The current economic crisis questioned the very core of the integration project in Europe – the euro. It is therefore legitimate to challenge the intellectual foundations of the Economic and Monetary Union, namely the ‘Optimal Currency Areas’ (OCA) theory by Robert Mundell. What can we learn from the crisis and the applied recovery measures about the theoretical assumptions, how the present situation verifies the key statements of the theory, how should we interpret its conclusions in the prism of the crisis – its origins and consequences. This paper aims at the better understanding of the current state of the monetary union building process in Europe. It informs us that just like the classical IR theories do not stick precisely to the EU – integration processes, the same the OCA theory is not a universal remedy for the better explanations of all the nuances of economic governance in the European Union and it cannot act as the ultimate reference point in the conceptualizations on the optimal construction of the monetary union in Europe.
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