Paper deals with the European Monetary Union from perspective of Post Keynesian school of economic thought. It discusses separately arguments often proposed by mainstream economists. After the brief introduction, which highlights main differences between mainstream and Post Keynesian economic...

Slovak Republic entered the ERM II in the end of 2005 whereby it came nearer to its strategic objective - joining the euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an optimum currency area and what is the OCA scorecard of...

In this paper the stability of an inflationary process is examined. A dynamic model of the inflation has been developed based on the quantity theory of money. Some theorists say that any rate of inflation other than zero is inherently instable. They say that as people become aware of the fact of...

Americký prezident Barack Obama vstúpil do Bieleho domu s víziou stabilnejšieho sveta a spolupráce s tradičnými partnermi. Národná bezpečnostná stratégia, ktorú jeho administratíva zverejnila v máji 2010, sa môže stať symbolom tejto politiky. Text sa rozchádza s prístupom...