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Article


Title

Implications for Economic Security of the Three Seas Initiative Countries Resulting from Membership in the International Monetary Fund

Authors

[ 1 ] Instytut Studiów Strategicznych, Wydział Bezpieczeństwa Narodowego, Akademia Sztuki Wojennej | [ P ] employee

Scientific discipline (Law 2.0)

[5.3] Security studies

Year of publication

2021

Published in

European Research Studies Journal

Journal year: 2021 | Journal volume: vol. XXIV | Journal number: issue 1

Article type

scientific article

Publication language

english

Keywords
PL
  • Austria
  • Badania naukowe
  • Bezpieczeństwo
  • Bezpieczeństwo ekonomiczne państwa
  • Bezpieczeństwo finansowe
  • Bułgaria
  • Chorwacja
  • Czechy
  • Ekonomia
  • Estonia
  • Finanse
  • Gospodarka
  • Inicjatywa Trójmorza
  • Kryzys gospodarczy
  • Litwa
  • Łotwa
  • Międzynarodowy Fundusz Walutowy
  • Polityka gospodarcza
  • Polityka makroekonomiczna
  • Polska
  • Rumunia
  • Słowacja
  • Słowenia
  • Węgry
EN
  • Austria
  • Bulgaria
  • Croatia
  • Czech Republic
  • Economic security of the state
  • Economy
  • Estonia
  • Financial security
  • Hungary
  • International Monetary Fund
  • Latvia
  • Lithuania
  • Poland
  • Romania
  • Security
  • Slovakia
  • Slovenia
  • Three Seas Initiative (3SI)
Abstract

EN Purpose: The paper aims to present the results of the studies on the impact associated with the membership of the Three Seas Initiative (3SI) countries in the International Monetary Fund (IMF) on their economic security, especially in financial terms. Design/Methodology/Approach: The Three Seas Initiative was established in 2016 and is just developing its identity. Its future and possibilities of achieving set objectives will significantly depend on the economic capacity of countries, their stability and economic development, and their financial security. The IMF acts to benefit its members' financial security, especially in crises, in various manners. Countries can extend possibilities of obtaining resources by increasing their participation in the organization's decision-making process, and it depends on their financial capacity and decisions made by the country authorities. The research methods used herein primarily comprise the analysis of the IMF's documents and the 3SI and analyze statistical data. Findings: The 3SI countries do not have a strong position in the IMF, and stronger possibilities of influencing this institution's policy exist solely due to the countries' membership in the European Union. The IMF engaged financially in the region to a minimal extent since the countries' security was basically ensured. However, it was active by providing support in counseling, technical assistance, and participation in country authorities' reforms. Practical implications: The paper presents possibilities of cooperation of both parties – the 3SI countries and the IMF in economic security, both in the times of stable economic situation and in economic crises such as e.g., resulting from the global pandemic SARS-CoV-2. Originality/value: Original research

Date of online publication

02.2021

Pages (from - to)

444 - 460

DOI

10.35808/ersj/1972

URL

https://www.ersj.eu/journal/1972

Comments

JEL classification: G28, G280. Bibliografia, netografia na stronach 457-460.

License type

other

Open Access Mode

open journal

Points of MNiSW / journal

100.0

Points of MNiSW / journal in years 2017-2021

100.0