The euro after  BREXIT and COVID-19 pandemic

Affiliation: Institute of World Economy and International Finance, Financial University under the Government of the Russian Federation
Address: Russian Federation

Journal name

Obshchestvo i ekonomika

Edition

Issue 6

Pages

85-97

Abstract

The issue is time-relevant due to the new aspects of monetary and financial integration in Europe emerging as a result of the Brexit and the COVID-19 pandemic. Both the former and the latter are likely to radically change the mechanism of the monetary union, but both lack public attention in terms of studying the exogenous factors’ impact on the monetary and financial integration in the euro zone. There is also a need to look deeper into the least studied field of regional economic integration, namely the lack of the unified central bank’s capability to regulate the continental monetary system and to solve the debt problems of the member states on the financial markets in times of turbulence. The unconditional dependence on the exogenous circumstances is to be investigated as well.

Keywords

payment and settlement operations, monetary and financial integration, European monetary fund, euro area crisis, debts of crisis-hit countries, banking and fiscal unions, exclusive federalism, superstate, COVID-19

Acknowledgment

The article was prepared based on the results of studies carried out at the expense of budget funds on a state assignment to the Financial University.

Received

28.06.2020

Publication date

29.06.2020

Number of characters

31159

Cite

GOST	Zharikov M. The euro after BREXIT and COVID-19 pandemic // Obshchestvo i ekonomika – 2020. – Issue 6 C. 85-97 [Electronic resource]. URL: https://oie.jes.su/S020736760010119-9-1 (circulation date: 25.04.2024). DOI: 10.31857/S020736760010119-9
MLA	Zharikov, Mikhail "The euro after BREXIT and COVID-19 pandemic." Obshchestvo i ekonomika 6 (2020):85-97. DOI: 10.31857/S020736760010119-9
APA	Zharikov M. (2020). The euro after BREXIT and COVID-19 pandemic. Obshchestvo i ekonomika (6), pp.85-97 DOI: 10.31857/S020736760010119-9

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