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Maastricht convergence criteria and their fulfillment of the Czech Republic
Hrdinová, Pavla ; Pavlík, Zdeněk (advisor) ; Voříšková, Barbora (referee)
This bachelor thesis evaluates the development and appropriateness of the Maastricht Convergence Criteria from their beginnings. The thesis analyzes the current state of alignment of Eurozone member states in comparison with the monitored variables of Czech economy. Further, this thesis evaluates how the Czech Republic fulfils the convergence criteria and its preparedness to adopt the single currency. Last but not least, the thesis investigates the potential revenues and costs of the introduction of the euro in the Czech Republic. The thesis outlines the increasingly deepening of European integration and implementation of institutional changes in the functioning of the monetary union with respect to the current challenges of the monetary union. This has changed the entrance requirements and new financial and institutional commitments arising from eventual membership in the Eurozone.
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Příčiny a důsledky odlišného tempa nominální konvergence v zemích Visegradu
Navrátil, Josef
Navrátil, J. Causes and consequences of different course of nominal convergence in Visegrad states. Bachelor thesis. Brno: Mendel University, 2015. This thesis analyzed the nominal convergence in the Visegrad countries from 1989 - 2013. The nominal convergence is considered as Maastricht convergence criteria, inflation and comparative price levels in particular countries. These values are compared to the average of the eurozone or the European Union. The results indicate that although the countries are very similar, they show different results in the convergence criteria fulfilment and the price levels development. There is a discussion concerning euro acceptance in these countries at the end of the thesis.
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Analysis of readiness of the Czech republic, Hungary and Poland to adopt the euro
Tesař, Jakub ; Němcová, Ingeborg (advisor) ; Karpová, Eva (referee)
The aim of this thesis is to assess, whether the Czech Republic, Hungary and Poland are ready to adopt the euro. The thesis consists of three main parts. The first part describes the history of the European Monetary Union. The second part focuses on the development of Czech, Hungarian and Polish economy in the years after transformation to a market economy. The last part deals with the Maastricht Convergence Criteria and Real Convergence Criteria, whereas also attempts to assess their actual fulfillment in the Czech Republic, Hungary and Poland.
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Analysis of the State of preparedness of the Czech republic for the adoption of the unified European currency.
Klumparová, Adéla ; Čajka, Radek (advisor) ; Bolotov, Ilya (referee)
This Bachelor's thesis " Analysis of the State of preparedness of the Czech republic for the adoption of the unified European currency " examines with the accession of the Czech Republic to the euro area. In the first chapter the reader is familiar with the historical development of European monetary integration. This part is followed by The integration of the Czech Republic to this monetary Union and its commitment to adopt the euro as enshrined in the Maastricht Treaty in the second charter. The third chapter is focused on the nominal convergence criteria and on the achieved degree of their fulfilment by the Czech Republic. The next part of the thesis contains comprehensive analysis of the State of preparedness of the Czech republic for the adoption of the unified European currency. This state is evaluated in terms of the structural similarities and economic synchronisation of the Czech economy with the economy of the eurozone, and also in terms of the ability of the economy to a the effects of asymmetric shocks arising after the Czech Republic's entry into the Monetary Union. This chapter is focused on the evaluation of the cyclical and structural harmonisation of the Czech Republic with the countries of the euro area and on the existence and function of the adjustment mechanisms. Attention is focused also on the positives and negatives arising from the accession of the Czech republic to the euro area, which are demonstrated on the example of the Slovak Republic.
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The Journey of Czech Crown into Euro-zone: Expected Effects, Risks
Foniok, Karel ; Plchová, Božena (advisor) ; Nigrinová, Lenka (referee)
The goal of the Master thesis is to assess potential benefits and costs for Czech economy resulting from joining the euro-zone. The thesis also reviews the preparedness for the euro adoption in terms of fulfilment of both the nominal and real convergence criteria. First part summarizes the brief history of European monetary integration and theoretical aspects associated with function of monetary union. Follows the major part namely euro adoption in the Czech Republic where current status of fulfilment of maastricht convergence criteria and additional factors of real convergence will be analysed. This part of thesis also deals with direct and indirect impact of euro adoption on Czech economy. In the thesis I will also review current problems of euro-zone which could negatively affect the strategy of euro adoption in the Czech Republic.
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Impacts of the global financial crisis on public finances in the Czech Republic
Kolísková, Lucie ; Ochrana, František (advisor) ; Roženský, Vojtěch (referee)
This thesis deals with the analysis and evaluation of the impact of Global financial and economic crisis, including taking anti-crisis measures and other legislative modifications, on public finances of the Czech Republic in time period from 2009 to 2011. The first chapter consist of explanation of key term "financial crisis", description and analysis of the mechanism of origin of the Global financial and economic crisis including identification of its key reasons and impacts and extension to the real economy worldwide. The second chapter covers with the analysis of the impact of the economic crisis on the Czech Republic and its public finances with putting accent on development of individual expenditures and revenues of the central state budget including balance of the central state budget and evaluation of its effects on meeting of Maastricht Convergence Criteria in defined period of time. The conclusion of the thesis summarizes available knowledge and recommendations for public finances which emerged from the analysis.
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The eurozone in the historical context
Hankeová, Lucie ; Pavlík, Zdeněk (advisor) ; Froňková, Martina (referee)
This thesis analyzes the current situation of the eurozone in terms of historical development, and searches for causes of problems in the decisions made during the initial stages of economic and monetary integration. Formation of the European Monetary Union is examined in detail from the inception of the European Monetary System, and until the introduction of the single currency in 2002. Attention is drawn to the fundamental divergence between some members during the formation of the Union, which leads to the significant bipolarity. Uniformity, or rather non-uniformity of the eurozone, is at first evaluated on the basis of the nominal convergence criteria, then according to the theory of optimum currency areas. The conclusion outlines three scenarios according to which the future of the euro area can be built.
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Cesta koruny do Eurozony - využití zkušeností Slovenské republiky
Jelínek, Tomáš ; Plchová, Božena (advisor) ; Müllerová, Františka (referee)
Unlike the Slovak Republic, the Czech Republic is not at the present member of the Euro area. The aim of my bachelor thesis is to have a look at the current situation in the Czech Republic and also to focus on the experiences of the Slovak Republic with euro adoption. The first chapter characterizes the historical evolution of monetary integration in Europe from post-war years till the realization of the last stage of the Economic and Monetary Union project. The second part analyzes the whole process of Euro adoption in the Slovak Republic. The final third chapter deals with the way of the Czech crown to the Eurozone.
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Eurozóna jako (ne)jednotná měnová zóna
Pařízek, Jiří ; Pavlík, Zdeněk (advisor) ; Čajka, Radek (referee)
The bachelor thesis analyses current situation in the European monetary union (eurozone). Included are both the classical and modern approaches of the theory of optimum currency area (OCA) and the Maastricht convergence criteria (inflation, long-term interest rate, annual and overall public debt to GDP). These instruments are used to judge the unification of the monetary zone. The theoretical overview of the OCA theory and its development, benefits and cost of a common currency, and a brief history of European monetary integration, are introduced in the first three parts. Meeting the Maastricht convergence criteria is considered a sign that a European country is prepared for joining the eurozone. In the fourth part, their performance in current member countries in the years 1999-2010 is analyzed to show their qualifications for the monetary union. Assessment of the OCA criteria to the eurozone from the classical and modern perspective is then discussed. Finally, the future outlook for the European monetary union regarding the current debt crises is listed.
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