120-0516 – Měnová politika EU (EUMP)

1. Define basic concepts of EU Monetary Policy 2. Explain major events relevant to the development of monetary cooperation in Europe 3. Evaluate the necessary preconditions for monetary integration in the EU 4. Analyze the current state of functioning of the European Monetary Union 5. Formulate perspective functioning of the European Monetary Union 6. Explain the main benefits of monetary integration in the EU

The aim of the course is to acquaint students with the major historical phases of the monetary integration proces in Europe and equip students with the theories underlying European Monetary Union. Topics covered include the institutional and legal framework of EU monetary policy, evaluation and debate on the main issues related to the launch of the euro and discussion the problem of fiscal politics coordination in monetary union. The course also deals with the influence of the European Monetary Union on the Czech Republic and other accession countries. In the subject there will be discussed also the process of EU financial markets integration and the view from outside the euro area, i.e. its position in the global economy.

BALDWIN, Richard and Charles WYPLOSZ. The Economics of European Integration. New York: McGraw Hill, 2009. ISBN 978-0-077-12163-1. De GRAUWE, Paul. Economics of Monetary Union. New York: Oxford University Press, 2009. ISBN 978-0-19-956323-4. DVOROKOVÁ, Kateřina. Autorské dílo v rámci projektu Rozvoj jazykových kompetencí pracovníků VŠB-TUO: InterDV, registrační číslo projektu: CZ.1.07/2.2.00/15.0132: EU Monetary Policy. In: Moodle VSB [online], 2012. Ostrava [cit. 2017-05-22]. Dostupné z: http://lms.vsb.cz/course/view.php?id=34120 EICHENGREEN, Barry. Globalizing capital: a history of the international monetary system. New Jersey: Princeton University Press, 2008. ISBN 978-0-691-13937-1.

DYSON, Kenneth and Martin MARCUSSEN. Central Banks in the Age of the Euro: Europeanization, Convergence and Power. Oxford: Oxford University Press, 2009. ISBN 978-0-19-921823-3. FUHRER, Jeffrey C. Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective. Cambridge, MA: MIT Press, 2009. ISBN 978-0-262-01363-5. HIERONYMI, Otto. Globalization and the Reformo f the International Banking and Monetary System. Basingstoke: Palgrave Macmillan, 2009. ISBN 978-0-230-23530-4.