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Monetarno–Fiskalna Interakcija I Javni Dug U Evropskoj Uniji U Uslovima Globalne Ekonomske Krize

Author

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  • Irena Milojević
  • Milovan Rosić

Abstract

Rad analizira odnos između monetarne i fiskalne politike u Evropskoj uniji sa posebnim osvrtom na krizu javnog duga zemalja članica u kontekstu globalne ekonomske krize 2008. godine. Uvođenje zajedničke valute evra doprinelo je produbljivanju ekonomske integracije, smanjenju transakcionih troškova i olakšanom pristupu kapitalu, ali je istovremeno dovelo do strukturne asimetrije između centralizovane monetarne politike i decentralizovanih fiskalnih politika država članica. Ova neusklađenost omogućila je rast javnog duga u pojedinim zemljama, posebno u Grčkoj, Portugalu, Španiji, Irskoj i Italiji. Globalna finansijska kriza 2008. godine razotkrila je slabosti ovakvog institucionalnog okvira, dovodeći do prekida kreditnih tokova, problema u refinansiranju duga i potrebe za intervencijama Evropske unije i međunarodnih finansijskih institucija. Mere fiskalne konsolidacije i finansijske pomoći privremeno su stabilizovale situaciju, ali su istovremeno ukazale na dugoročni problem nedostatka fiskalne koordinacije unutar Evrozone. Rad zaključuje da je za dugoročnu stabilnost zajedničke valute neophodno usklađivanje monetarne i fiskalne politike, pri čemu se kao potencijalno rešenje ističe formiranje fiskalne unije na nivou Evropske unije.

Suggested Citation

  • Irena Milojević & Milovan Rosić, 2026. "Monetarno–Fiskalna Interakcija I Javni Dug U Evropskoj Uniji U Uslovima Globalne Ekonomske Krize," Finansijski savetnik, Center for Economic and Financial Research (Belgrade), the Balkan Scientific Association of Agricultural Economists, and the University of Business Studies in Banja Luka, Bosnia and Herzegovina, vol. 32(2), pages 29-55, September.
    • Handle: RePEc:faj:finadv:v:32:y:2026:i:2:id:33
    DOI: 10.59864/FinAdv310202IM
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    References listed on IDEAS

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