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The readiness of the Czech Republic to adopt the euro in comparison with the economic determinants of euro adoption in Slovakia
Šindelářová, Andrea ; Vostrovská, Zdenka (advisor) ; Zabranská, Monika (referee)
This thesis will deal with a current issue - euro adoption in the Czech Republic. The three neighboring countries of the Czech Republic have already adopted the euro. The Czech Republic lie under an obligation to adopt the euro and solve the arguments for and against early entry to the Euroarea at this time. The issue will be solved from the perspective of euro adoption in Slovakia. Both of the republics had the "same" default position seventeen years ago. Why is Slovakia the member of the Euroarea and why not the Czech Republic? Advantages and disadvantages of euro adoption in Slovakia will be the basis for the argumentation of the acceptance or rejection of the euro in the Czech Republic. The purpose of the thesis is to demonstrate the Czech readiness to adopt the euro from a purely economic point of view, even though this is a political decision. The adopted methods will be analysis and comparison of macroeconomic indicators, called the magic rectangle (GDP, inflation, balance of payments, unemployment rate). The thesis will evaluate the progress of these indicators in the key periods of the republics. These periods had an impact on the state of both economies and led to euro adoption in Slovakia and the postponement of euro adoption in the Czech Republic indefinitely (separation of both republics, preparations and entry into the European Union, preparations for euro adoption, the advent of financial crises, etc.). The main aim of this thesis is to answer the question "Why is Slovakia adopted the euro earlier than the Czech Republic?" and to confirm or to disprove hypothesis of Czech readiness to adopt the euro according to experience of Slovakia.
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The Impact of Ffiscal Policy on Foreign Exchange Rate Developments in the Last Decade
Vašková, Kateřina ; Ševčík, Miroslav (advisor) ; Zabranská, Monika (referee)
Diploma thesis deals with problem whether fiscal policy has an impact on development of currency exchange rate. The first aim of the thesis is to describe some theoretical models which consider possibilities of relationship between fiscal policy and currency exchange rate and to give a notice where can be differences. The thesis introduces a function of fiscal policy, a creation of currency exchange rate and describes an environment of exchange market. Currency exchange rate is stable on its market defined value in the long term. I suppose also that interventions of leaders of fiscal policy can not influence currency exchange rate positively. On the other hand, there could be a negative impact on currency exchange rate by leaders of fiscal policy. The second aim of the thesis is to analyze an impact of government debt on development of currency exchange rate, mainly are analyzed the Czech republic, Great Britain and some other selected countries of the European union. In the thesis are provided macroeconomic data of mentioned countries, mainly government debt to gross domestic product, budget deficit to gross domestic product, development of currency exchange rate and some information about macroeconomic situation of countries. Final part of the thesis provides an analysis of an impact of debt on currency exchange rate (correlation analysis, graphical comparing).
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The roles of the state and its support of research and development in the private sector
Pivoňková, Jana ; Zemplinerová, Alena (advisor) ; Zabranská, Monika (referee)
This project is aimed at the roles of the state and its support of research and development in the private sector. The core part of this project is focused on view and judgment of the roles of the state institutions in the research and development process. Is should be also mentioned that substantial part is focused on the following four dominant institutions: Ministry of Education, Youth and Sports; Academy of Sciences of the Czech Republic; Ministry of Industry and Trade and Grant Agency of the Czech Republic. My primal interest is aimed at comparison of public and private expenses relating to the research and development and evaluation of all effects connected with these expenses. The key aspects of this project are supported by economic theories such as The Theory of Bureaucracy, Public Interests, Government and Market Failure or The State Regulation Theory. The whole point of this project is to find out reasons for state intervention in the research and development areas. Particular attention is paid to the current empirical studies and results related to these studies.
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The knowledge society and open economy: impacts on the competitiveness of the Czech republic in the global world
Kamrlová, Lucie ; Petrášek, František (advisor) ; Zabranská, Monika (referee)
This diploma thesis is focused on the competitive advantage of the Czech republic in the global world of nowadays. First, it is important to explain the expression a "knowledge economy" or a "knowledge society". In my thesis, I will introduce the theories of human capital, knowledge economy, innovation, economic growth and divers sources of appropriate informations. After the introduction of these theories, I will follow up with the introduction of the Lisbon strategy and its analysis. Here, I will do a comparison of the EU, Czech Republic and the global economy. The reason of this thesis is to show a possible ways of development and economic growth of the Czech Republic. The Lisbon strategy reflects the complexity of this issue. Thus, the next chapters will be about the analysis of Finland's economic transformation and its current state. Following with the short introduction and analysis of the american and french education, science and research systém and shape. Thus, those acquired knowledge will serve me to make an outline of the possible solutions for the Czech Republic because our current situation enables us to inspire ourselves in the whole diversity and uniqueness of their economic and social systems and to apply their know-how in the broader context of the Czech republic.
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Character and progress of investment policy in countries of asian tigers in period of economic miracle
Prokopová, Michaela ; Petrášek, František (advisor) ; Zabranská, Monika (referee)
In this diploma paper, I would like to explain and prove reasons of economic boom in selected countries in East Asia between 1965-1997. I focus on Asian Tigers namely on investment policy. I would like to answer the questions, what were the specifics of Asian Tigers, what contributed to economic growth the most, what implements were used within investment policy, how was this investment policy successful in individual countries and what role public sector (government) played. I focus on the role of human and physical capital, the role of foreign direct investment and I sum up their impact on economic growth in countries of Asian Tigers.
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Economic Analysis of Judicial Activity
Zabranská, Monika ; Kühn, Zdeněk (advisor) ; Munzi, Tomáš (referee)
The thesis deals with the problem of the monopoly structure of the modern justice system and the heavy regulation of most fields of dispute resolution. In this system, judges themselves comprise a self-interested group seeking relaxed regulation and increased rights from the government. The thesis describes inefficiencies and dangers stemming from the lack of market control of the modern justice system and suggests an alternative in the form of a private justice system. The purpose of this paper is to examine both the problem of successful implementation of competition into the current justice system, while describing various models as to how the private justice system could function without state control, with examples from history. This paper further examines the economic differences between private and public justice systems in terms of incentives, efficiency, the process of law creation, speed, and consumers' satisfaction, as well as the conditions under which different systems work best. The main conclusion of this paper is that society should allow all subjects desirous of opportunities to provide goods and services through new enterprises, even in areas currently the exclusive domain of the state, as doing so brings an increase in quality, speed of solution/service, and innovation.
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