120-0316/02 – EU Monetary Policy (MP EU)
Gurantor department | Department of International Economic Relations | Credits | 5 |
Subject guarantor | Ing. Kateřina Dvoroková, Ph.D. | Subject version guarantor | Ing. Kateřina Dvoroková, Ph.D. |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 1 | Semester | summer |
| | Study language | Czech |
Year of introduction | 2005/2006 | Year of cancellation | 2020/2021 |
Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
1. To define basic concepts from the field of the monetary policy of
the EU
2. To clarify fundamental events important for development of
monetary cooperation in Europe
3. To assess necessary expectations for monetary integration within
the EU framework
4. To analyse the present state of European Monetary Union functioning
5. To formulate perspectives of European Monetary Union functioning
6. To explain main benefits of monetary integration in the EU
Teaching methods
Lectures
Seminars
Summary
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.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Presentations
Seminar work
E-learning
ELearning course in LMS Moodle
Other requirements
Study of documents in English
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
LECTURES
1. The origins and evolution of european monetary integration
2. European monetary system
3. Theory of optimum currency area
4. Launch of European monetary union
5. Institutional and legal framework of single monetary policy
6. ECB monetary policy strategy
7. ECB objectives and instruments of monetary policy
8. Banking regulation and supervision in EU and the role of the ECB
9. Monetary and fiscal policy in the monetary union
10. Financial integration in the monetary union
11. Coordination of national fiscal politics in EMU
12. EMU and the position of the single currency euro in the global economy
SEMINARS
1. Monetary integration and European Monetary System
2. OCA theory; technical aspects of introduction of euro
3. European monetary union
4. Monetary policy of the ECB
5. Financial integration in EU and the project of the European banking union
6. Eurozone candidate countries and the euro position in international monetary system
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction