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Analysis of the causes and consequences of five crises of the european integration process in the context of economic and political development after Maastricht Treaty
Ševčíková, Michaela ; Loužek, Marek (advisor) ; Daňhel, Jaroslav (referee) ; Zahradník, Petr (referee) ; Strejček, Ivo (referee)
This paper analyses the essential aspects, causes and consequences of contemporary European integration process and examines the performance of individual EU countries. The analysis is done through the view of five crises: first the political and institutional; second the public finance, respectively the debt; third the different quality and competitiveness of single economies; fourth the banking, financial, respectively economic; and fifth the view, which focuses on the psychological aspect of trust. Substantial measures proposed or implemented by the EU institutions are subjects of analysis (European bonds; tax on financial transactions, banking union, fiscal pact and bail-out fund), including their critical evaluation, especially activist policy of the European Central Bank. Summary is contained in the SWOT analysis. This work also proposes recommendation for further development in the Czech Republic. The research section made by testing selected variables among 2003-2012 based on the method Beta convergence confirmed, that instead of theoretical assumption of faster real convergence of EU countries, the divergence between the core and periphery countries took place in the examined period. Beta convergence is confirmed within the designated groups in the new EU member states in the pre-crisis growth and in the overall monitored period. The second method -- the cluster analysis created groups, respectively clusters of countries that are the most similar based on selected indicators. On the one hand, the repeated grouping of core countries into one common cluster was verified with different options of the model. On the other hand, the used Ward's method showed, among others, that in majority of observed periods the countries commonly categorized into periphery groups (such as Italy and Ireland) have greater economic similarities to the core countries rather than countries such as Spain, Portugal and Greece.
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The Impact of Exchange Rate Volatility on Czech Real Export
Jurečka, Peter ; Brůžek, Antonín (advisor) ; Zahradník, Petr (referee)
This diploma thesis deals with the impact of real exchange rate volatility on real export of the Czech Republic. In the first part, theoretical aspects of this relationship are examined, explaining both - positive and negative ? effects on bilateral and aggregate trade flows. Further on, empirical data and econometric tools are employed to capture the relationship between real export and its main determinants for the case of Czech Republic in the past decade. After the brief theoretical introduction to time series econometrics, the particular export demand model is proposed and various cointegration techniques are explained and applied to examine the long-run equilibrium but also short-run dynamics.
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Japanese Economy: Factors of Development and Business Cycles
Stuchlíková, Zuzana ; Cihelková, Eva (advisor) ; Neumann, Pavel (referee) ; Fárek, Jiří (referee) ; Zahradník, Petr (referee)
Cílem disertační práce je nalézt, pojmenovat a vysvětlit hlavní faktory, které vedly k celkovému oslabení a nestabilitě japonské ekonomiky v 90. letech 20. století. Práce vysvětluje základní ekonomické vazby v japonské ekonomice a hledá odpověď na otázku, zda recese v 90. letech způsobily faktory převážně cyklické, nebo spíše faktory dlouhodobějšího charakteru, tedy strukturální a systémové. Práce rovněž vymezuje a hodnotí hlavní rysy, změny a trendy ve vývoji hospodářských cyklů a ve zdrojích růstu japonské ekonomiky z dlouhodobého hlediska. Dále práce hodnotí současný stav japonské ekonomiky a dosud provedené vládní reformy, nastiňuje nové trendy ve vývoji japonské ekonomiky s ohledem na její měnící se postavení v globalizovaném světovém hospodářství. The dissertation focuses on the cyclical development of the Japanese economy, particularly from the beginning of the 1990´s. The objective of the thesis is to find, identify and explain the main factors that have caused stagnation and instability of the economy in this period. The author aims to make clear some basic ties in the Japanese economy and identify specific features of Japanese business cycles and sources of the GDP growth in the 1990´s and today (compared to the previous development and to some other developed countries). She also seeks to assess economic policy measures made by the Japanese governments and the Bank of Japan countering the stagnation and recessions and to sum up briefly the current situation of the economy and possible dangers for its future.
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Vliv volatility směnného kurzu na reální export České republiky
Jurečka, Peter ; Brůžek, Antonín (advisor) ; Zahradník, Petr (referee)
This diploma thesis deals with the impact of real exchange rate volatility on real export of the Czech Republic. In the first part, theoretical aspects of this relationship are examined, explaining both - positive and negative ? effects on bilateral and aggregate trade flows. Further on, empirical data and econometric tools are employed to capture the relationship between real export and its main determinants for the case of Czech Republic in the past decade. After the brief theoretical introduction to time series econometrics, the particular export demand model is proposed and various cointegration techniques are explained and applied to examine the long-run equilibrium but also short-run dynamics.
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