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Fiscal Union: A Solution for the Euro Area Crisis?
Šatavová, Eva ; Ševčík, Miroslav (advisor) ; Rybáček, Václav (referee)
The goal of this work is an assessment of the hypothesis whether the fiscal union in euro area can cope with the consequences and causes of the debt crisis. Categorized proposals leading to fiscal union are presented. These proposals are facing problems of moral hazard, perverse incentives, new taxes, inefficient allocation of scarce resources, and general issues of fiscal policy. New steps towards fiscal union will be accepted at the supranational level, some of these steps are more likely than others. The tighter rules, fiscal oversight and regulation the fiscal union will provide, the longer and more successful will be preventing of the crisis in the euro area. Because the euro area cannot be considered an optimal currency area and because the tragedy of the commons problem is observed here, then fiscal union in the long run, along with all the problems of the new proposals will only lead to a deepening of the crisis, or creating a new and much stronger one.
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Analysis of privatization process of state organization of Czech railways with focus on the area of narrow gauge railways in Jindřichův Hradec
Šatavová, Eva ; Zeman, Karel (advisor) ; Vebrová, Ludmila (referee)
Subject of my bachelor thesis is the privatization of a part of the state-owned organization and it is focused on transformation of transport sector. In general this thesis deals with turn from centrally planned economy to market economy. The theoretical part deals with the beginnings of the concept and the idea of privatization in general and rules under which it was made. Secondly, it discuss various views and opinions on the conduct and operations. The analytical part is focused on the implementation of privatization of České dráhy, a.s., analyzes the privatization project on tracks now owned by Jindřichohradecké místní dráhy, a.s. The aim of my work is to analyze České dráhy, a.s. as a whole with special focus on particular case of tracks, and to analyse privatization project and process. The work focuses on the results of the privatization process and deduce, whether a similar approach could be applied more broadly.
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