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Evolution through rescue: A legal perspective on mechanisms applied in rescuing the European Monetary Union

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2013
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Authors
Lukić, Maja
Article (Published version)
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Abstract
The mechanisms applied in rescuing the European Monetary Union since the outbreak of the sovereign debt crisis vary significantly in terms of size of funds, dynamics of application, time horizon for expected effects, etc. A legal perspective on these mechanisms reveals a wide variety of instruments and approaches. The paper suggests the approach which assesses whether the balancing between levels of solidarity and conditionality of assistance on commitment to integration inherent to each of these mechanisms was more important for their development, or the key factor for the design and application of those mechanisms remained the focus on common interests of EMU as a whole.
Keywords:
Sovereign debt crisis / Solidarity / OMT / LTRO / European Monetary Union / ESM / EFSF
Source:
Anali Pravnog fakulteta u Beogradu, 2013, 61, 3, 187-198
Publisher:
  • Univerzitet u Beogradu - Pravni fakultet, Beograd

ISSN: 0003-2565

[ Google Scholar ]
URI
https://ralf.ius.bg.ac.rs/handle/123456789/693
Collections
  • Radovi istraživača / Researchers’ publications
Institution/Community
Pravni fakultet / Faculty of Law University of Belgrade
TY  - JOUR
AU  - Lukić, Maja
PY  - 2013
UR  - https://ralf.ius.bg.ac.rs/handle/123456789/693
AB  - The mechanisms applied in rescuing the European Monetary Union since the outbreak of the sovereign debt crisis vary significantly in terms of size of funds, dynamics of application, time horizon for expected effects, etc. A legal perspective on these mechanisms reveals a wide variety of instruments and approaches. The paper suggests the approach which assesses whether the balancing between levels of solidarity and conditionality of assistance on commitment to integration inherent to each of these mechanisms was more important for their development, or the key factor for the design and application of those mechanisms remained the focus on common interests of EMU as a whole.
PB  - Univerzitet u Beogradu - Pravni fakultet, Beograd
T2  - Anali Pravnog fakulteta u Beogradu
T1  - Evolution through rescue: A legal perspective on mechanisms applied in rescuing the European Monetary Union
EP  - 198
IS  - 3
SP  - 187
VL  - 61
UR  - conv_321
ER  - 
@article{
author = "Lukić, Maja",
year = "2013",
abstract = "The mechanisms applied in rescuing the European Monetary Union since the outbreak of the sovereign debt crisis vary significantly in terms of size of funds, dynamics of application, time horizon for expected effects, etc. A legal perspective on these mechanisms reveals a wide variety of instruments and approaches. The paper suggests the approach which assesses whether the balancing between levels of solidarity and conditionality of assistance on commitment to integration inherent to each of these mechanisms was more important for their development, or the key factor for the design and application of those mechanisms remained the focus on common interests of EMU as a whole.",
publisher = "Univerzitet u Beogradu - Pravni fakultet, Beograd",
journal = "Anali Pravnog fakulteta u Beogradu",
title = "Evolution through rescue: A legal perspective on mechanisms applied in rescuing the European Monetary Union",
pages = "198-187",
number = "3",
volume = "61",
url = "conv_321"
}
Lukić, M.. (2013). Evolution through rescue: A legal perspective on mechanisms applied in rescuing the European Monetary Union. in Anali Pravnog fakulteta u Beogradu
Univerzitet u Beogradu - Pravni fakultet, Beograd., 61(3), 187-198.
conv_321
Lukić M. Evolution through rescue: A legal perspective on mechanisms applied in rescuing the European Monetary Union. in Anali Pravnog fakulteta u Beogradu. 2013;61(3):187-198.
conv_321 .
Lukić, Maja, "Evolution through rescue: A legal perspective on mechanisms applied in rescuing the European Monetary Union" in Anali Pravnog fakulteta u Beogradu, 61, no. 3 (2013):187-198,
conv_321 .

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