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Nominal and real convergence between the Czech Republic and the euro area
Salaj, Petr ; Brůna, Karel (advisor)
The aim of this bachelor thesis is to discuss how well the Czech economy is prepared to enter the eurozone. It first briefly describes the conception and development of the European Economic and Monetary Union, the Maastricht criteria and the economic convergence criteria. It further considers the potential advantages and disadvantages offered to the Czech Republic from EMU membership, and then judges the Czech Republic's fulfilment of the Maastricht criteria. The last chapter focuses on the current economic convergence between the Czech Republic and the euro area. Finally the work evaluates the position of the Czech economy and concludes that in the short term the Czech Republic is not ready to adopt the Euro.
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The European Monetary Integration and the Czech Republic
Rosenberg, Jan ; Burgerová, Jiřina (advisor) ; Ježek, Tomáš (referee)
By accessing the EU the Czech Republic committed to joining the euro area and adopting the single European currency, the euro, after meeting certain criteria as required by the EU legislation. The main aim of my bachelor thesis is to analyse the integration process and readiness of the Czech Republic regarding the adoption of the single currency and the entry into the euro area. Starting with a brief history of the process of monetary integration into the EU from its initiation to forming the Economic and Monetary Union. The pivotal part of my paper focuses on the assessment of achieving the 'convergence criteria' (or 'Maastricht criteria') and the real economic convergence of the Czech Republic to the euro area. The next part of my paper concentrates on the technical and institutional preparations mainly with the National Coordination Group for Euro Introduction and its activities. The approved single-step change to euro is also mentioned. The cost/benefit analysis of the entry into the monetary union is being discussed in the conclusion of my paper.
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The convergence of the Czech Republic and Slovakia to euro area
Lukáčová, Jana ; Bič, Josef (advisor) ; Jelínek, Tomáš (referee)
My bachelor's thesis concerning "The convergence of the Czech Republic and Slovakia to euro area" describes and compares nominal, real and structural convergence process in Czech Republic and Slovakia since 1998 till the present day, evaluates if the countries fulfill the criteria of theory of optimum currency area and tries to make a judgment if the Czech Republic and Slovakia are/were ready for the euro area entry.
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The European Economic and Monetary union: Pros and Risks for the Czech Republic
Kořínek, Tomáš ; Kalínská, Emílie (advisor) ; Čajka, Radek (referee)
The intention of this essay is to evaluate pros and risks related to the Czech republics joining the European Economic and Monetary union (EMU). It reviews the present condition of economy and meeting the Maastricht criteria. It compares the development of economy though indexes of inflation and the gross domestic product (GDP) in EMU countries and the countries outside EMU. The last part gives attention to the analysis of cyclic and structural harmonization of Czech economy with EMU. The essay makes use of the Theory of Optimal Currency Areas (Mundell).
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Evaluation of positives and negatives of accession of the Czech Republic to the European Monetary Union
Kabešová, Karin ; Korda, Jan (advisor)
This paper is evaluating earnings and costs of the accession of the Czech Republic to the European monetary union. It defines the Theory of Optimal Currency Areas, both classic and modern approach, and brings up arguments for and against the accession to the monetary union. Further it deals with costs and earnings of the membership in the monetary union both in theory and as an approximate enumeration. It evaluates fulfilling of Maastricht criteria by Czech Republic and simulates its stay in the ERM II system. As the conclusion it states the later date of accession as the most favorable solution for the Czech Republic.
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The Maastricht Criteria and its alternatives
Tóthová, Jana ; Janda, Karel (advisor)
This work deals not only with the issue of the Maastricht Convergence criteria but also with an alternative way of evaluation of the preparedness to monetary integration ? the theory of Optimum currency areas. It contains an enumeration of convergence criteria stated in the Maastricht Treaty, explains its purport and imperfections. Further on a few criteria stemming from the Optimum currency area theory are listed and the relation between them and the Maastricht criteria is examined. In the practical part the preparedness of the Czech Republic to enter the Eurozone is evaluated on the basis of both criteria. Emphasis is put on the relation between the Maastricht criteria and the Optimum currency area criteria on both, theoretical and empirical basis.
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Current questions of the Czech Republic's preparation for the entry to the Eurozone
Kolek, Martin ; Kalínská, Emílie (advisor) ; Čajka, Radek (referee)
The present work deals with problems of the euro acceptance as a single currency in the economic conditions of the Czech Republic. In the first chapter the history and development of currency systems anticipating the European Monetary Union is outlined with the focus on Western Europe. The second chapter characterises the European Economic and Monetary Union and describes the particular phases of its origin. In the third chapter it is analysed which of the 5 Maastricht criteria the Czech Republic fulfils. The fourth chapter evaluates the level of convergence between the Czech Republic and the Eurozone in the economic areas. This includes also technical, legislative and institutional aspects. The final part analyses the entire process of the euro implementation including scenario, principles and schedule of the successive steps. The advantages and disadvantages of this process are discussed and the present economic and political situation in Europe and the Czech Republic concerning the euro is evaluated.
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Ready for Euro?
Staňková, Andrea ; Urban, Luděk (advisor) ; Potužák, Pavel (referee)
Recently, there has been a broad discussion regarding the timing of joining the Euro zone. The mainstream opinion is that the sooner the Czech Republic joins, the better. However, as this thesis indicates, especially the econometric model, the Czech Republic is not ready for doing so. Hence, an early accession may not be beneficial.
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