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• The Monetary Union and the policitcal unification in Europe

  96-104

  László Jankovics

  Views:

  136

  The article deals with the European Economic and Monetary Union's connection with politics. The author examines how the Monetary Union came to be with the help of the traditional integration theories and also what answers can be gained from them on the question of politically unification. He shows how the Werner-plan, mentioned as the forerunner of the EMU, helped in forming the Union in the light of the theory of optimal currency areas. He points at the problem around European fiscal federalism. In order to elevate the mostly underrated economic powers, he uses the Mundell-Fleming model to illustrate the economic relations behind the Union, which, to some extent, stand in contrast with the way of behaviour driving back to political thinking.

• The joining negotiations in rapport with the EMU

  75-87

  Laszlo Jankovics

  Views:

  133

  The study surveys the field that deals with the Eastward expansion of the European Economic and Monetary Union /EMU/ after the joining negotiations, involving the probable legal, political and economic dilemmas and problems of the introduction of euro in Hungary. The joining contract and the relevant documents unambiguosly outlining the items within the monetary integration for the Hungarian economy can be planned. It also examines the chosen monetary integration for the Hungarian economy can be planned. It also examines the chosen monetary-political systems of the candidate for membership countries from the relevant European regulation point of view, just as the possibility of individual solutions.