120-0316/02 – EU Monetary Policy (MP EU)

Gurantor departmentDepartment of European IntegrationCredits5
Subject guarantorIng. Kateřina Dvoroková, Ph.D.Subject version guarantorIng. Kateřina Dvoroková, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2005/2006Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
DVO37 Ing. Kateřina Dvoroková, Ph.D.
KUC20 doc. Ing. Zuzana Kučerová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+1

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:

BALDWIN, Richard and Charles WYPLOSZ. The Economics of European Integration. New York: McGraw Hill, 2009. ISBN 978-0-077-12163-1. EICHENGREEN, Barry. Globalizing capital: a history of the international monetary system. New Jersey: Princeton University Press, 2008. ISBN 978-0-691-13937-1. GRAUWE, Paul de. 2016. Economics of Monetary Union. 11th ed. Oxford: Oxford University Press, 280 s. ISBN 978-01-987-3987-6.

Recommended literature:

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.

Way of continuous check of knowledge in the course of semester

Presentations Seminar work

E-learning

ELearning course in LMS Moodle

Další požadavky na studenta

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

Full-time form (validity from: 2016/2017 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 35  18
        Examination Examination 65  33
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2018/2019 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Compulsory study plan
2016/2017 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Compulsory study plan
2015/2016 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Compulsory study plan
2014/2015 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Compulsory study plan
2013/2014 (N6202) Economic Policy and Administration (6210T004) European Integration P Czech Ostrava 1 Compulsory study plan
2013/2014 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Compulsory study plan
2012/2013 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Choice-compulsory study plan
2011/2012 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Compulsory study plan
2010/2011 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Compulsory study plan
2009/2010 (N6202) Economic Policy and Administration (6210T004) European Integration (00) European Integration P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner