Naslov
Monetary Measures and Fiscal Policy Patches for Monetary Union during the Global Economy’s Crisis: Problems of European Union, Revisited

Autori
Kordić, Gordana ; Nakić, Martina ; Palić, Petra

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
How does the Central and Eastern Europe Cope Up with the Global Financial Crisis / Kotlebova, J. ; Vojtkova, M - Bratislava : Ekonomická univerzita v Bratislave, 2012, 1-10

ISBN
978-80-225-3494-9

Skup
7th International Conference on Currency, Banking and International Finance

Mjesto i datum
Bratislava, Slovačka, 27.09.2012. - 28.09.2012

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
monetary measures ; fiscal policy patches ; European Union

Sažetak
In terms of global economy’s crisis old dilemmas about the monetary and fiscal policy coordination within (European) monetary union are revisited. Unconventional measures of common monetary and (reformed) strategies of fiscal policy are still searching the optimal policy mix for crisis recovery. At the same time, member countries face asymmetric shocks with limited defence strategies, so the costs of membership have increased, generating fears about the European future and raising the level of euro scepticism. This paper is focused on the current problems of fiscal and monetary policies in European Union member countries and has several goals. First goal of the paper is to analyse the background of the fiscal and monetary policy coordination within the European Union. Second, the paper provides a review of the crisis measures and their performance. That, consequently, (re)opens the problem of coordination between the two policies in a monetary union that is also discussed. Finally, a review of the possible future scenarios is closing the research presented in the paper.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA