Course: European Monetary Union

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Course title European Monetary Union
Course code KFP/EMU
Organizational form of instruction Lecture + Seminary
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Bárková Dana, Ing. Mgr. Ph.D.
Course content
1. Monetary sovereignty as a part of the state sovereignty. 2. Bretton Woods agreement, IMF, the World Bank, participation of European countries in these institutions 3. The Barre plan, gradual growth of monetary exchange mechanisms of European countries in 1960s. The attempt to create European monetary union in 1970 (Werner report), reasons, why the system failed. 4. European monetary system in 1980s, ECU and its functions. 5. Steps leading to the euro in 1990s, covergence criteria 6. Euro as a common currency. Legal foundations of EMU. 7. European Central Bank as an important institution of EU. European System of Central Banks 8. Free movement of capital and payments and introduction of Euro 9. Consequences of introduction of common currency for legal system of EU member countries 10. Development of harmonisation of banking and financial services 11. Reaction of EMU to the financial crisis 12. The Czech Republic and EMU 11. Perspectives of EMU with respect to EU enlargement; consequences for countries not participating in EMU (both inside and outside of EU)

Learning activities and teaching methods
Interactive lecture, Discussion, Instruction based on dialogue, Textual studies, Seminar
  • Individual project (40) - 12 hours per semester
  • Preparation for an examination (30-60) - 40 hours per semester
  • Contact hours - 26 hours per semester
prerequisite
professional knowledge
Basic knowledge of economics
learning outcomes
The students will: - describe the main stages of monetary policy harmonisation and unification both in EU and worldwide - explain conditions for success of functioning of a monetary union (theory of optimum currency area - compare the situation of particulars groups of EU Member States (states within euro area and outside it, new member states...) as to the introduction of common currency - summarise the causes and consequences of monetary policy harmonisation and unification on macroeconomic policy - relate introducing of common currency and monetary and capital market integration - assess the development of legislation (adequacy of applying a certain type of a legal norm) in particular stages of monetary integration development - predict further development of monetary and capital markets in EU - evaluate pros and cons of common currency introduction in the Czech Republic
general eligibility
N/A
teaching methods
professional knowledge
Interactive lecture
Seminar
Textual studies
Instruction based on dialogue
Discussion
assessment methods
Oral exam
Individual presentation at a seminar
Recommended literature
  • Bagus, Philipp. Tragédie eura. Bratislava Jaga group, 2011. ISBN 978-80-8076-093-9.
  • Bárková, Dana. Euro - jednotná měna pro nejednotnou Evropu. Vyd. 1. Ostrava : Key Publishing, 2014. ISBN 978-80-7418-217-4.
  • Brůžek, Antonín. Evropská měnová unie a Česká republika. Vyd. 1. Praha : Oeconomica, 2004. ISBN 80-245-0820-6.
  • Lacina, Lubor. Měnová integrace : náklady a přínosy členství v měnové unii. Vyd. 1. V Praze : C.H. Beck, 2007. ISBN 978-80-7179-560-5.
  • Tomášek, Michal. Evropské měnové právo. Vyd. 1. V Praze : C.H. Beck, 2004. ISBN 80-7179-860-6.
  • Tomášek, Michal. Právní nástupnictví měny euro. Praha : Linde, 2000. ISBN 80-7201-205-3.
  • Tomášek, Michal. Právní základy Evropské měnové unie. 1. vyd. Praha : Bankovní institut, 1999. ISBN 80-902243-3-4.


Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester
Faculty of Law Public Administration (14) Law, legal and public administration proceeding - -
Faculty of Law Public Administration (15) Law, legal and public administration proceeding - -
Faculty of Law Public Administration (12) Law, legal and public administration proceeding - -
Faculty of Law Public Administration (11) Law, legal and public administration proceeding - -
Faculty of Law Law (14) Law, legal and public administration proceeding - -
Faculty of Law Public Administration (13) Law, legal and public administration proceeding - -
Faculty of Law Law (15) Law, legal and public administration proceeding - -
Faculty of Law Law (13) Law, legal and public administration proceeding - -
Faculty of Law Law (11) Law, legal and public administration proceeding - -