POSTCRISIS FINANCIAL MANAGEMENT OF THE EUROPEAN UNION
Journal Title: MEST Journal - Year 2019, Vol 0, Issue 2
Abstract
The current financial crisis highlighted the importance of establishing a banking union at EU level, which would allow for an adequate response to the financial problems through the regional banking supervision in relation to the operations of banks in the Eurozone. The main results of this research shall in a synthetic way show that the formation of a banking union significantly contributes to strengthening of the integration of economies of the member countries, the promotion of confidence in the EU banking sector stability but without clear goals and objectives to be achieved in the real sector of the EU, which should provide, in addition to safer, a richer life, higher employment and exit from the stagnant framework. The paper analyzes the importance of the transition to a system of decision making on financial, fiscal and economic policies at the EU level. This system would allow an adequate response to the financial problems through regional banking supervision in relation to the operations of banks in the Eurozone. This would establish stronger accountability mechanism of the decisions taken. The ultimate goal would be the stability of the banking sector, improvement of business conditions in the real sector and the economic stability of the Eurozone.
Authors and Affiliations
Kristijan Ristic, Zivorad Kovacevic
Keywords
Related Articles
- EP ID EP604072
- DOI 10.12709/mest.07.07.02.08
- Views 88
- Downloads 0
INTEGRATED REPORTING – THE NEW DIRECTION IN THE CORPORATE REPORTING
According to the World Commission on Environment and Development as a result of the enormous scales of poverty, the emerging ecological crisis and the alteration in the balances of the environment and the climate, humani...
CRITICAL INFRASTRUCTURE PROTECTION SPECIFICATIONS IN THE TRANSPORT SECTOR
Contemporary society is more sensitive to new threats than 20 years ago. More than 15 years modern democratic countries developed support for the most important objects and services as are named critical infrastructure e...
AN ANALYSIS OF THE SUPPLY CURVE: DOES IT DEPICT HOMOGENEITY AMONG ITS CONSTITUENT ELEMENTS? ANOTHER REJOINDER TO NOZICK.
The supply curve embodies prices and quantities offered for sale of a good. But need each element of this supply to be interchangeable? If so, then the person to whom the supply curve applies much necessarily be indiffer...
THE INFLUENCE OF ECONOMY DIGITALIZATION ON THE ACTIVITY OF OIL COMPANIES
The oil industry in Russia and in the world is the basis of the economy, and modernizing it is of great importance in the conditions of financial resources shortage. One of the means is to increase the economic efficienc...
PRIVATE SECONDARY EDUCATION IN EX-YU COUNTRIES AND MANAGEMENT PRACTICE IN PRIVATE SECONDARY SCHOOLS
Private education business, as a specific category of private business, has been presented for a long time in the developed countries of the EU. In recent years this type of secondary education has been expanding also th...