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EN
The history and traditions of Polish-Ukrainian military contacts are as rich as the relations between the two nations. Intensive military cooperation dates back to the mid-16th century and is connected with the pursuit of the military capabilities of the Cossacks. The next chapter of Polish-Ukrainian military cooperation started just after the end of the First World War. The state authorities, analysing the political and military situation, noticed the importance of Ukraine for the future balance of power in Europe and its impact on Poland’s security in the east. The leader of the Ukrainian National Republic (UNR), ataman Symon Petlura, had a similar approach. The need for joint action in the face of growing threat led both parties to intensify negotiations and to sign a political and military agreement. The findings made on 14 January 1992 during the visit of the Minister of Defence of Ukraine, Colonel Konstantin Morozov, to Poland should be regarded as the beginning of contemporary military contacts with Ukraine. In formal terms, the legal basis for cooperation was the agreement on this matter, signed on 3 February 1993 in Kiev. In its framework, both parties agreed to develop, inter alia, training and training-operational cooperation. It was intended to be implemented through contacts between units stationed in the border regions, transferring the main effort to the lower levels of command.
EN
Corporate social responsibility (CSR) implies that corporations integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. CSR’s component parts include: economic, legal, ethical and philanthropic responsibilities. Although social norms and ethics are inherent features of CSR the modern literature of economics and finance focuses mainly on CSR as a firm value-driver. Such narrow view may lead to the deterioration of CSR identity as well as underestimating the role of CSR in building welfare. Thus the purpose of the article is to show the role of CSR in achieving welfare improvements by considering social responsibility as a factor of prosperity and especially as a mechanism of ethically and institutionally anchored self-regulation supporting the organization of market failure correction reducing this welfare. The main thesis is that CSR brings about considerable benefits in terms of allocation efficiency, redistribution and stabilisation. The method employed is the analysis of international literature.
EN
Public support provided to banks during the crisis has incentivised reforms at EU level which aim at limiting costs of banks’ failures incurred by taxpayers. In this context, a resolution framework was agreed and the Single Resolution Mechanism was established. The latter will operate within the banking union, i.e. currently the euro area. This paper focuses on new burden-sharing rules for banks and their impact on the need for mobilising budgetary resources for banks under resolution, in particular the need for public capital injections to ailing financial institutions. To this end, it identifies circumstances in which public support may be essential and outlines key risks related to specific institutional arrangements in the euro area.
PL
Mając na uwadze wysokie koszty ratowania sektora bankowego w trakcie ostatniego kryzysu, w Unii Europejskiej zainicjowano szereg działań na rzecz ograniczenia obciążeń dla podatników związanych z upadkiem instytucji finansowych. Wśród reform było ustanowienie ram restrukturyzacji i uporządkowanej likwidacji, a następnie Europejskiego Mechanizmu Restrukturyzacji i Uporządkowanej Likwidacji funkcjonującego w ramach unii bankowej, czyli de facto strefy euro.Celem publikacji jest analiza nowych rozwiązań prawnych w zakresie przypisania kosztów restrukturyzacji i uporządkowanej likwidacji banków ich akcjonariuszom i wierzycielom, a w szczególności wpływu tych reguł na potrzebę zaangażowania środków publicznych w celu wsparcia instytucji finansowych w strefie euro. W tym kontekście autorka identyfikuje okoliczności, w których konieczna może być interwencja państwa, a także Europejskiego Mechanizmu Stabilności oraz wskazuje na powiązane z nią rodzaje ryzyka.
PL
Celem artykułu jest ocena znaczenia stabilizacyjnej polityki fiskalnej dla prawidłowego funkcjonowania Unii Gospodarczo-Walutowej (UGW) z perspektywy teorii optymalnych obszarów walutowych. Rozważamy kwestię polityki stabilizacyjnej w unii walutowej, integracji fiskalnej jako jednego z kryteriów optymalności obszaru jednowalutowego oraz problem organizacji polityki fiskalnej w unii walutowej. Następnie przechodzimy do ukazania wykorzystania (?) wniosków płynących z teorii optymalnych obszarów walutowych w procesie budowy unii walutowej w Unii Europejskiej. Kończymy wskazaniem kierunków rozwoju badań nad stabilizacyjną funkcją polityki fiskalnej w UGW.
EN
The aim of the paper is to examine the role and place of the fiscal stabilisation policy in the European Monetary Union (EMU) from the perspective of the theory of optimum currency areas (OCA). We examine the theoretical underpinning for the policy to mitigate the economic fluctuations in a monetary union, and answer the questions of whether fiscal integration is a prerequisite for the “optimality” of a currency area and at what level of governance a stabilising fiscal policy should be conducted. We conclude with a short revision of how OCA theory is applied to the project of monetary and economic integration in the European Union (EU) and some conclusions for future development and research.
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