Monetarna politika Evropske centralne banke i njene posledice na proces konvergencije
The monetary policy of the European central bank and its impact on the convergence process
Author
Popović, Svetlana B.Mentor
Živković, AleksandarCommittee members
Fabris, NikolaVasiljević, Branko
Metadata
Show full item recordAbstract
Doktorska disertacija: „Monetarna politika Evropske centralne banke i njene posledice na
proces konvergencije“, za predmet istraživanja postavlja relevantna teorijska i praktična
pitanja vezana za monetarnu politiku koju sprovodi Evropska centralna banka. Rad ima
više ciljeva. Srbija, kao i druge zemlje Centralne i Istočne Evrope suočene su sa brojnim
problemima. Važan uzrok tih problema jesu nedostaci ekonomske politike, pre svega
monetarne i fiskalne. Zbog toga se često u ovim zemljama nameće ideja usvajanja
monetarne politike neke jake i stabilne države, kao izlaz iz postojeće loše situacije.
Kandidat za evropske zemlje je Evropska centralna banka, odnosno usvajanje monetarne
politike Evropske monetarne unije. Taj cilj su zemlje jasno artikulisale određujući
priključenje Evropskoj uniji i kasnije Evropskoj monetarnoj uniji kao svoj osnovni strateški
cilj. Međutim, diskutabilno je da li bi to rešenje donelo dugoročne benefite zemljama u
tranziciji. Aktuelna dešavanja pokazala su da j...edinstvena monetarna politika nije bila u
stanju da na pravi način adresira probleme zemalja članica. Pitanje je da li je moguće da ta
politika postane fleksibilnija i donekle se prilagodi prisutnim regionalnim razlikama u
razvoju u postojećoj Evropi 27-orice, koje će se sa proširenjem EU dodatno povećati.
Osnovni cilj rada jeste da ustanovi da li se u Evropskoj monetarnoj uniji odvijao proces
konvergencije ekonomskih performansi zemalja članica i kakav je uticaj imala zajednička
monetarna politika na taj proces. U momentu osnivanja EMU preovladalo je mišljenje da će
okruženje monetarne unije, zajednička valuta, intenzivnija intra-trgovina i veće povezivanje
finansijskih tokova, dovesti do približavanja privrednih ciklusa članica, kao i njihovih
ekonomskih performansi, odnosno, da će se zemlje članice kretati ka optimalnom valutnom
području, iako to u startu nisu bile.
The doctoral thesis: „The impact of the European Central Bank monetary policy on the
convergence process“, analyzes relevant theoretical and practical issues related to the
European Central Bank monetary policy. The thesis has several objectives. Serbia and other
countries from Central and Eastern Europe are facing a multitude of problems. Major
causes of these problems are the flaws in economic policy, especially monetary and fiscal
policy. Therefore, these countries often see the adoption of monetary policy from strong
and stable countries as a way out. Many European countries look to the European Central
Bank as the candidate, i.e. they look to adopt the monetary policy from the European
Monetary Union. This objective was clearly articulated by every country whose main
strategic goal was to join the European Union, as well as European monetary union later
on. It is, however, debatable whether this solution would yield long-term benefits for the
countries in transition. Recent events... have shown that single monetary policy hasn’t been
capable of properly addressing the problems of member states. The question is if the policy
can be more flexible and accommodate for regional differences in development of the
existing European 27-nation bloc, which is slated to be enlarged even further.
The primary objective of the thesis is to establish whether the convergence of economic
performances of member states took place in the EMU and what was the impact of single
monetary policy on that process. At the time of the establishment of EMU, the prevailing
opinion was that the environment of a monetary union, the single currency, intense intratrade
and interlacing financial flows will lead to the convergence of economic cycles of
member states, as well as their economic performances, i.e. that the member states will
move towards the optimal currency area.
Faculty:
Универзитет у Београду, Економски факултетDate:
05-11-2013Projects:
- The risks of financial institutions and markets in Serbia-microeconomic and macroeconomic approach (RS-179005)