scholarly journals Kryzys zadłużeniowy w strefie euro w latach 2010‑2018

Politeja ◽  
2020 ◽  
Vol 17 (3(66)) ◽  
pp. 29-52
Author(s):  
Janusz Józef Węc
Keyword(s):  
European Union ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
System Reform ◽  
The European Union ◽  
Research Questions ◽  
Aid Programs ◽  
The Global Financial Crisis ◽  
High Level ◽  
The International Monetary Fund

The Debt Crisis in the Eurozone in Years 2010‑ 2018. Genesis, Dynamics and Tools to Overcome the Crisis The global financial crisis significantly contributed to the outbreak of the Eurozone debt crisis in 2010 and exposed the institutional weaknesses of the entire zone that had existed since its inception. In 2010‑2018, the European Union focused essentially on four basic forms of crisis management in the Eurozone: financial support for indebted economies, aid programs for crisis‑stricken countries, measures by the European Central Bank to overcome the crisis and system reform of the Eurozone and the Economic and Monetary Union. The research objective of the article is to analyze the dynamics of the debt crisis in the Eurozone. The author would like to answer the following research questions: How much have the aid programs of the European Union and the International Monetary Fund contributed to overcoming the debt crisis? Has this crisis really been overcome? How deep were the structural reforms of the indebted economies? The author also defines the research hypothesis that the debt crisis in the Eurozone has not been finally overcome, since in many countries government debt is still on a high level.

Ocena antykryzysowej polityki gospodarczej Stanów Zjednoczonych i wybranych państw członkowskich Unii Europejskiej w latach 2005–2014

2016 ◽  
pp. 26-46
Author(s):  
Marcin Jan Flotyński
Keyword(s):  
United States ◽  
European Union ◽  
Financial Markets ◽  
Global Economy ◽  
Global Financial Crisis ◽  
The United States ◽  
The European Union ◽  
High Volatility ◽  
The Global Financial Crisis ◽  
Domestic Products

The global financial crisis in 2007–2009 began a period of high volatility on the financial markets. Specifically, it caused an increased amplitude of fluctuations of the level of gross domestic products, the level of investment and consumption and exchange rates in particular countries. To address the adverse market circumstances, governments and central banks took actions in order to bolster the weakening global economy. The aim of this article is to present the anti-crisis actions in the United States and selected member states of the European Union, including Poland, and an assessment of their efficiency. The analysis conducted indicates that generally the actions taken in the United States in response to the crisis were faster and more adequate to the existing circumstances than in the European Union.

scholarly journals Ownership Concentration and Performance Recovery Patterns in the European Union

2019 ◽  
Vol 11 (4) ◽  
pp. 953 ◽  
Author(s):  
Alexandra Horobet ◽  
Lucian Belascu ◽  
Ștefania Curea ◽  
Alma Pentescu
Keyword(s):  
European Union ◽  
Sovereign Debt ◽  
Global Financial Crisis ◽  
Corporate Performance ◽  
Manufacturing Sector ◽  
Ownership Concentration ◽  
The European Union ◽  
And Performance ◽  
The Global Financial Crisis

Our study addresses the link between ownership concentration and corporate performance in the manufacturing sector in the European Union in an economic environment stressed by the global financial and sovereign debt crises. This is, to our knowledge, the first attempt to tackle differences between companies with different origin-countries in EU from the perspective of ownership concentration and corporate performance in a period marked by the adverse impact of the global financial crisis. Ownership concentration is measured by the number of shareholders and the percentage of their individual and collective holdings, while performance is measured by accounting-based and market-based indicators. Our results, based on a detailed and methodical statistical analysis, show a clear division between Western and Eastern companies in terms of ownership concentration and performance, with an impact on businesses’ recovery patterns. Overall, there is a positive link between ownership concentration and corporate performance in the case of Western companies, but not for Eastern-based companies. Moreover, ownership concentration has supported business recovery in EU, but particularly for Western companies. On the other hand, our results suggest that market investors’ assessment of corporate performance is disconnected from business fundamentals and do not acknowledge the role of ownership concentration (either beneficial of detrimental) for performance assessment.

scholarly journals Dispersion of inflation expectations in the European Union during the global financial crisis

Equilibrium ◽  
2016 ◽  
Vol 11 (4) ◽  
pp. 737 ◽  
Author(s):  
Jan Acedański ◽  
Julia Włodarczyk
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Inflation Expectations ◽  
The European Union ◽  
Member States ◽  
Inflation Rates ◽  
Initial Drop ◽  
The Global Financial Crisis ◽  
The Impact

Inflation expectations, both their median and dispersion, are of great importance to the effectiveness of monetary policy. The goal of this paper is to examine the impact of the global financial crisis on dispersion of inflation expectations in the European Union. Using European Commission’s survey data, we find that in the early phase of the crisis the dispersion dropped rapidly but then, after Lehman Brothers’ collapse, the trend reversed and these fluctuations cannot be explained by movements of inflation rates and other commonly used factors. We also observe that, in the new European Union member states, the initial drop of the dispersion was weaker whereas the subsequent rise was stronger as compared to the old member states.

scholarly journals THE IMPACT OF THE GLOBAL ECONOMIC CRISIS ON THE POLAND

2021 ◽  
Vol 9 (4) ◽  
pp. 202-208
Author(s):  
Aleksandra Korczyc
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Global Analysis ◽  
Modern World ◽  
The European Union ◽  
Remedial Actions ◽  
The Government ◽  
The Global Financial Crisis ◽  
The Impact

Purpose of the study: This study aims to present the specifics of the global financial crisis, the threats it brings for Poland in the legal sphere, and possible actions to be taken in this area, particularly at the European Union and Poland level. Methodology: The article uses the historical method and the analysis of documents both at the Polish and European Union levels, including laws, regulations, and decisions. Main Findings: The scope of the financial crisis in question and its relatively easy transfer between markets entails the necessity to apply extraordinary remedial actions. Poland, through its participation in the European Union, seems to be relatively well protected against the effects of the financial crisis. However, it needs to undertake further structural reforms, in particular reforms of public finances. Applications of this study: The current study is highly significant for the government of the day in this modern world; the study could be quite effective and meaningful for Higher Education Institutions, government, banks, financial institutions. Novelty/Originality of this study: Description of the essence of the financial crisis, possibilities of its prevention - earlier possibilities of remedial actions at the institutional and legal level, possibilities of obtaining financial support, global analysis of the problem, including its causes.

Kryzys modernizacyjny a działania Unii Europejskiej na rzecz wzrostu gospodarczo-społecznego

2015 ◽  
pp. 96-121
Author(s):  
Justyna Miecznikowska
Keyword(s):  
European Union ◽  
Global Financial Crisis ◽  
National Level ◽  
Policy Instruments ◽  
Economic Downturn ◽  
The European Union ◽  
National Interests ◽  
Territorial Expansion ◽  
The Global Financial Crisis ◽  
The Eu

The purpose of the analysis is to demonstrate, in the historical perspective covering the period between 2000 and 2014, the series of modernisation efforts, undertaken within the European Union, which aimed at increasing the rationality of economic and social processes occurring in the single European market. The assumption was that a thorough examination of the current process of EU reforms would allow for the identification of sources of the modernisation crisis. The adopted research hypothesis assumes that the present modernisation crisis is a consequence of the weakness of European governance and insufficient adaptation of the EU policy instruments to the constantly changing political and economic challenges, such as globalisation, territorial expansion and the global financial crisis. Effective modernisation of the European Union is hindered by the manner of implementation of EU’s tasks and objectives at the national level (based on the open method of coordination) and challenged by the interstate competition escalating within the EU in times of economic downturn and arising from the divergent interpretations of national interests. The present modernisation crisis manifests itself in the failure to comply with the adopted economic and social development strategies and the threat of regressive changes.

Entrepreneurship and Enterprise Value Creation in Support of Smart, Sustainable, and Inclusive Growth in the European Union

2017 ◽  
pp. 268-292
Author(s):  
Julia S. Stefanova ◽  
Zachary Wenner
Keyword(s):  
European Union ◽  
Value Creation ◽  
Global Financial Crisis ◽  
Small And Medium Enterprises ◽  
Monitoring And Evaluation ◽  
Inclusive Growth ◽  
The European Union ◽  
Environmentally Sustainable ◽  
The Global Financial Crisis ◽  
Medium Enterprises

In 2010, the European Union codified “Smart, Sustainable, and Inclusive Growth” (SSIG) as part of the Europe 2020 Strategy. Introduced in the context of the global financial crisis, SSIG seeks to restore economic resiliency and foster a more equitable, innovative and environmentally sustainable European economy. The research evaluates the processes of entrepreneurship through which small and medium enterprises (SMEs) contribute to SSIG, including through “innovation-driven entrepreneurship,” “sustainable entrepreneurship” and “social entrepreneurship.” The research additionally assesses the creation of an enabling regulatory and fiscal environment for these modes of value creation, their associated socio-economic outcomes and their monitoring and evaluation practices.

Pluralist Accountability in Times of Economic Crisis

2020 ◽  
pp. 151-180
Author(s):  
Gisela Hirschmann
Keyword(s):  
Human Rights ◽  
European Commission ◽  
European Central Bank ◽  
Global Financial Crisis ◽  
Constitutional Court ◽  
The European Union ◽  
The Public ◽  
European Central ◽  
The Global Financial Crisis ◽  
The International Monetary Fund

This chapter analyzes the conditions for pluralist accountability in response to human rights violations that were attributed to the European Union (EU) Troika’s austerity policies that were implemented in Greece and Portugal between 2010 and 2015 in response to the global financial crisis. I demonstrate how competition between national and EU institutions, and between different EU institutions, led the Portuguese Constitutional Court and the European Parliament to develop distinguished profiles as accountability holders. Major differences existed as to the degree of vulnerability of the different Troika institutions to human rights demands: while the International Monetary Fund and European Central Bank rendered themselves immune against human rights demands, the European Commission was more vulnerable due to its broader mandate and the declining trust of the public in EU institutions’ capacity to address the crisis. This explains why a pluralist accountability framework was most active with regard to the European Commission.

Sign in / Sign up

Export Citation Format

Share Document