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Benefits and Costs of possible Adopting the Euro in the Czech Republic
Pavčová, Sandra ; Štěrbová, Ludmila (advisor) ; Gajdušková, Kateřina (referee)
This Bachelor's Thesis evaluates incidences of euro for the Czech Republic. The first chapter describes the historical events from the origins of monetary cooperation to the establishment of the European economic and monetary union. In this Thesis is the most important second chapter, which involves detailed analysis of particular incidences of adopting the single currency euro both positive, and negative. The principal objective is to find out, which incidences dominate. For determination of existence of these incidences in practice, is in this Thesis involved part, which deals with the experience of countries, which have already adopted the euro as their national currency. The last objective of this Thesis is to determinate, when is for the Czech Republic optimal adopt the euro.
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Slovakia's entry into the eurozone
Ličák, Jakub ; Klosová, Anna (advisor) ; Kunz, Vilém (referee)
The aim of this thesis is to describe and evaluate the process of adopting the euro in Slovakia. The thesis consists of four chapters. The main chapter is the chapter number four where I examine in detail the effects od euro adoption on the Slovak economy. My research is based on statistical data from 2009.
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The entry of new EU member states in ERM II - theory and practical experience
Čuchranová, Mária ; Šaroch, Stanislav (advisor) ; Helísek, Mojmír (referee)
The work deals with the Exchange Rate Mechanism ERM II, explains the reasons for its creation, the gradual evolution and basic principles of its functioning. It refers not only to the common but also different features in comparison with the original mechanism ERM. Furthermore, it adverts to the issue of exchange rate stability assessment from the view of the European Central Bank and the European Commission and describes the procedural steps leading to ERM II participation. The practical part of this work deals with development of the economic situation in selected countries (Finland, Ireland, Denmark, Estonia and Slovak Republic) during their performance in the Exchange Rate Mechanism ERM / ERM II, including the solution of a macroeconomic stability problem so-called Impossible Trinity. In the case of the Czech Republic this work features its ERM II entry strategy with incorporation of the factor of the current global financial imbalance.
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Adoption of euro in Czech Republic - preparedness, risks, perspectives
Dvořák, Josef ; Žamberský, Pavel (advisor) ; Adámková, Vlasta (referee)
This thesis concentrates on theoretical postulates of the Optimum Currency Area theory, mentiones preparedness of the Czech Republic in the area of Maastricht criteria, real convergence, alternative adjustment mechanisms, legislative a institucional preparedness, summarizes actual preparatory work and possible scenarios of the euro-adoption, describes opinions of public and entrepreneurs on euro, mentions experience of Slovenia and Slovakia with new currency and recapitulates the risks of procrastination in this area. Main objective is an analysis of the overall preparedness of the Czech Republic to adopt euro.
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Evaluation of the acceding process of Slovakia to the European Monetary Union
Racochová, Kristýna ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
The main aim of this thesis is the evaluation of the acceding process of Slovakia to the European Monetary Union. The first part is focused on establishing the EMU and on possible effects of entering the EMU. At the end of the first part there are mentioned the Maastricht convergence criteria. The next part asseses the fullfilment of these criteria by Slovakia. In this part there are also included the characteristics of separated stages of euro implementation. The third part gives information about previously prepared steps from Slovak government. In conclusion there is a summary of advantages and disadvantages of euro adoption.
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The way of the Czech Republic to eurozone - expected impacts
Svatoňová, Petra ; Plchová, Božena (advisor) ; Müllerová, Františka (referee)
This graduation theses seeks to analyse expected gains arising from adoption of Europe's single common currency,costs of such adoption and potentional risks.Conception of this analysis is based on the Theory of Optimal Currency Areas alongside empirical studies regarding the same matter. The first chapter summarizes the historical development of european monetary integration and the position of euro in the world monetary system. The second chapter is devoted to the principles of the Theory of Optimal Currency Areas and the asymmetric shocks. The requirements of the Theory of Optimal Currency Areas are tested on the example of the current member states in eurozone. The following two chapters describe expected economic gains and costs connected with the membership of the Czech Republic in eurozone. The last chapter considers possible ways of determining the most suitable timeframe for entrance of the Czech Republic into eurozone.
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Macro-economic costs analysis and time determination of joining European Monetary Union
Zámečník, Michal ; Mandel, Martin (advisor) ; Brůna, Karel (referee)
The main aim of this thesis is to discover a suitable instant of time for the Czech Republic to join European Monetary Union. I am analyzing dependence between monetary policies of the Czech National Bank (CNB) and the European Central Bank (ECB) themselves as well as in relation to essential Czech macroeconomic indicators. My observation is focused on interest rate policies represented by operative interest rates, on monetary policies represented by indices of nominal effective exchange rates and on convergence monitoring. The analytical instruments I used in the thesis are correlation analyses, linear trends, the Granger causality test and the Impulse-Reaction test. Besides, my thesis examines fulfillment of the Convergence (Maastricht) criteria in the Czech Republic and other central European countries. This thesis also examines impact of the European monetary policy on some Eurozone member countries.
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Přistoupení ČR k Eurozóně
Klewar, Michal Bc. ; Musil, Martin (advisor) ; Votava, Libor (referee)
Představení Hospodářské a měnové unie. Teorie optimálních měnových oblastí a analýza přínosů, nákladů a rizik přistoupení k Eurozóně. Hodnocení připravenosti České republiky na vstup do Eurozóny nejen z hlediska plnění maastrichtských kritérií. Určení kritérií pro minimalizaci rizik přijetí eura.
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Přínosy a problémy vstupu ČR do Eurozóny
Vojík, Daniel Bc. ; Dvořák, Pavel (advisor) ; Fantová-Šumpíková, Markéta (referee)
Při hodnocení vstupu ČR do Eurozóny práce vychází z teorie optimálních měnových oblastí a z konceptu přínosů a nákladů. Samotný vstup je posuzován ze dvou hledisek. První je hledisko Eurozóny, je tedy analyzováno plnění maastrichtských kritérií. Cílem je nalézt odpověď na otázku, kdy bude možné do Eurozóny vstoupit. Na druhou stranu je také třeba posoudit přijetí eura z hlediska ekonomických zájmů České republiky, tedy zjistit, kdy bude vhodné vstoupit. Je tedy provedena bilance přínosů a nákladů přijetí eura s přihlédnutím ke zkušenostem členských zemí Eurozóny. Zvláštní pozornost je věnována vhodnosti společné monetární politiky pro ČR, především pravděpodobnosti vzniku asymetrického šoku.
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