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The influence of global economic crisis on monetary integration in Europe
Kosek, Martin ; Čajka, Radek (advisor) ; Černá, Iveta (referee)
The aim of this bachelor thesis is to analyse the impact of economic crisis in 2008 on states that are already members of eurozone or states aiming to join it. This work is divided into 4 chapters. The first two chapters deal with the economic impact on selected members of European Union that were affected most by the recession. The second part mainly deals with the processes that were set off by the economic crisis in EU and that showed certain flaws, which have shaken the foundations of the ambitious unification.
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Current problems of European monetary integration
Zázvorka, Jan ; Hnát, Pavel (advisor) ; Jelínek, Tomáš (referee)
The thesis analyzes current problems of the European monetary integration on the basis of the optimum currency area theory and strives for its application to the major macroeconomic imbalances, which occur in the current European integration. The paper defines the most important issues of monetary integration, which are further specified on the example of Greece, and tries to analyze macroeconomic imbalances in Europe to draw recommendations for further development of monetary integration.
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The influence of the current economic crisis on the process of monetary integration in Europe
Vojtovičová, Anna ; Čajka, Radek (advisor) ; Gajdušková, Kateřina (referee)
Goal of this thesis named "The influence of the current economic crisis on the process of monetary integration in Europe" is to determine to what extent present financial and economic problems, which are faced by European countries as a consequence of global financial crisis, influenced the direction of European monetary integration. In order to do so it is necessary to describe the process of this integration and steps and decisions which led to the creation of monetary union and common currency. Furthermore, global financial crisis will be analyzed, its causes, consequences and impact on Europe. This crisis and the economic problems it caused contributed to debt crisis in Europe, which led to situation, when some European countries found themselves in need of financial assistance from EU. The measures taken by EU will be mentioned in the end of this thesis which should result in stabilization of present situation and prevent these problems from happening again. I will also outline possible future development of monetary union.
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Euro as legal tender outside the eurozone: the theoretical and legal aspects
Rajchlová, Eliška ; Hnát, Pavel (advisor) ; Jelínek, Tomáš (referee)
The thesis deals with countries that are monetary integrated with the eurozone in another form of monetary integration than monetary union, otherwise than by joining the eurozone. The aim of this thesis is to describe the forms of monetary integration, their legal aspects, advantages and disadvantages and the reasons leading to their creation. Furthermore to create an overview of countries where the euro is legal tender in the form of a currency board or euroisation. Explain the reasons for these countries led to the decision to create these forms of monetary integration. Outline whether this monetary integration is somehow accompanied with economic integration. Describe how the implementation of these decisions took place in individual countries and how it is legaly regulated. Evaluate the influence of the adoption of such measures on the domestic economy of each country. Countries which this thesis deals with are: Bulgaria, Bosnia and Herzegovina, Estonia, Lithuania, Andorra, Monaco, San Marino, Vatican City, Montenegro and Kosovo.
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Is Slovakia making headway towards constituting an OCA with the EMU?
Špániková, Eva ; Jeníček, Vladimír (advisor) ; Mišovská, Soňa (referee)
The goal of this diploma thesis is to assess the suitability and readiness of the Slovak Republic to adopt a single European currency. In analyzing the costs and benefits relating to Slovakia?s accession to the EMU, this thesis is guided by the theory of the OCA. The thesis provides a survey of the OCA theory, attempts to measure some of the OCA indicators and calculate OCA index for Slovakia. The results suggest that Slovakia fulfils the necessary condition for joining the monetary union, i.e. it is relatively well aligned with the euro area. The diploma thesis concludes that Slovakia is relatively suitable and well-prepared to join the euro area in 2009.
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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 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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Směřuje Slovenská Republika k vytvoření optimální měnové oblasti s eurozónou?
Špániková, Eva ; Klosová, Anna (advisor) ; Gullová, Soňa (referee)
The goal of this diploma thesis is to assess the suitability and readiness of the Slovak Republic to adopt a single European currency. In analyzing the costs and benefits relating to Slovakia?s accession to the EMU, this thesis is guided by the theory of the OCA. The thesis provides a survey of the OCA theory, attempts to measure some of the OCA indicators and calculate OCA index for Slovakia. The results suggest that Slovakia fulfils the necessary condition for joining the monetary union, i.e. it is relatively well aligned with the euro area. The diploma thesis concludes that Slovakia is relatively suitable and well-prepared to join the euro area in 2009.
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