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The expert knowledge of czech political parties and issue of mandatory spendings from 2006 to present
Králová, Eva ; Novotný, Vilém (advisor) ; Ochrana, František (referee)
The thesis Expert Knowledge of the Political Parties Aimed at Mandatory Spendings from 2006 to present is focused on mechanisms of generating expertisis, which are disposed by particular political parties dealing with amount of the manadatory spendings. Thesis captures election terms characterized by Czech membership in The European Union connected with the obligation of the following Maastricht criteria, then the results of the worldwide economical crisis, that took shape also in czech economics. The teoretical part characterizes the budgeting policy with the accent on progression and structure of the mandatory spendings in particular election terms, deals with the organizational theory of political parties and with the policy advisory systems, that forms capacities in the decision-making process of the state budget. The objective of the empirical part is to find out how policy advisory systems effect the decision making process of budgeting by political parties (ODS, ČSSD, TOP 09 and ANO 2011). The research is realised by interviews with the Members of Parliament (members of the particular political parties). The results of the interviews are compared with the documents of political parties and macroeconomical indexes. Powered by TCPDF (www.tcpdf.org)
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Economic convergence of countries as a result of EU accession
Lejsek, Vojtěch ; Votava, Libor (advisor) ; Burianová, Kateřina (referee)
The goal of this bachelor thesis is to find out if economic convergence happens in reality between chosen countries after their admission to the European Union. This thesis examines nominal and real convergence. Through analysis and comparison of statistical data this thesis compares individual macro-indicators of nominal and real economic convergence and examines if convergence happens. Convergence is observed in time line on chosen countries.
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Analysis of real and nominal convergence of the Visegrad Group in the years 2000-2015
Wikturna, Jan ; Strejček, Ivo (advisor) ; Zamrazilová, Eva (referee)
This Bachelor thesis is focused on a macroeconomic analysis of the process of the real and nominal convergence of the Visegrad Group countries to the old member states of the European Union, called EU-15 during the period of 2000-2015. The objective of the analysis is to confirm or disprove the hypothesis that in the selected period there is a convergence of the economically backward V4 countries with the advanced EU-15 countries and to highlight the factors that are behind the narrowing of the gap in economics and price levels. The theoretical part deals with the ways in which we measure and compare the economic performance and economic level, and explains the different approaches of the problem of economic growth and the subsequent catching up effect. The practical part is focused on a comparison of elected macroeconomic indicators and reference is made to the selected factors to determine whether, and for what reasons, the economic convergence of these selected countries made towards the developed countries of the EU-15. The analytical part confirms the ongoing process of the real and nominal convergence throughout the period, but its course is varied during different times of the period. In conclusion, it is found that the rate varied by the convergence processes and in fact positively affected the V4 countries, that joined the European Union. The incoming dynamics of the convergence, especially the prices, were significantly disrupted by the economic crisis.
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Fiscal rules in selected EU countries between 2004-2015: sensible method for consolidation of public finances or fad of politicians?
Veselý, Lukáš ; Strejček, Ivo (advisor) ; Chmelová, Pavla (referee)
The subject of fiscal rules is very topical issue. The rise of public debt in certain developed countries resulted in what is sometimes called "debt crisis". Debt of those countries which is higher than their annual gross domestic product is viewed as unpayable by some economists. The main objective of this thesis has been to prove or disprove hypothesis that the fiscal rules studied in this paper are an effective solution for public finance consolidation. This verification was based on the analysis of fiscal rules functioning in selected countries between 2004 and 2015. As per results of analysis the paper aims to give recommendations for the Czech financial constitution proposal. The actual results of inquiry proved the hypothesis. Well-chosen fiscal rules are the right way towards fiscal consolidation, provided they are observed. Fiscal rules making thus requires an emphasis to be placed on the well-formulated exit clauses altogether with prospective sanctions. The current Czech financial constitution proposal is built on the correctly picked fiscal rule type, although the reference value lacks economic sense and it would not lead, with a high degree of probability, towards fiscal consolidation.
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Analysis of the Greece Economy in Comparison with the Czech Republic
Pláničková, Jitka ; Svoboda, Roman (advisor) ; Michal, Michal (referee)
This diploma thesis assesses the economic situation of Greece and its comparison with economic of the Czech Republic. Thesis analyses the development of macroeconomic indicators in Greece and Czech Republic and for better understanding, in selected countries of the European Union.
In the theoretical part, thesis describes the individual indicators and provides information about how are the indicators measured. The analytical part deals with the Greece economy in comparison with economy of Czech Republic. The assessed period is from the year 2003 to 2015. For the comparative part of this diploma thesis, macroeconomic indicators such as GDP, inflation, unemployment, balance of trade, were used. For better view, comparison of both countries in particular indicator is followed by description of the situation for selected countries of European Union.
In the final part of the thesis, a conclusion is assessed using results from individual subchapters. Thesis concludes similarities and differences between compared countries based on development of selected indicators and country ratings.
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Maastricht Criteria and Their Role in Common Monetary Policy of the European Union
Fleischmannová, Hana ; Boháčková, Ivana (advisor) ; Radek, Radek (referee)
This thesis deals with the monetary union development issues and their role in the process of European Union integration. Following the Maastricht convergence criteria (price stability, foreign exchange rate stability, stability of long-term interest rates, and condition of public finance) is essential for the accession to the European Monetary Union (EMU). The sense of Maastricht criteria is to evaluate the level of economic convergence. The content of the thesis focuses both on the evaluation of the candidates ability to fulfill the Maastricht criteria and to integrate into the monetary regime of EMU, and fulfilment of the criteria by current members of EU. Next part of the thesis follows up the origin and development of a theory of optimum currency area (OCA), which assesses the suitability of using common currency within EMU by means of its criteria.
In conclusion of the thesis benefits and expenses of the common currency are compared, and the future development of EMU is mentioned.
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The Maastricht Criteria and their perfomance in the Czech Republic
Průša, Miroslav ; Urbánková, Erika (advisor) ; Jitka, Jitka (referee)
This thesis on the topic of perfomance the Maastricht criteria in the Czech Republic is paid to the analysis of the fulfillment of the Maastricht criteria by the Czech Republic for the period 2001 - 2014 and analysis of pairwise correlation and regression relationship between long-term interest rates and growth of the gross domestic product in the Czech Republic for various periods at different models. This thesis first deals with theoretical as regards economic and monetary union, the Eurosystem, the euro area and the Maastricht criteria. Within the theoretical basis thesis explains the advantages and disadvantages of monetary union for the Czech Republic. Analytical part is divided into two blocks. The first block analyzes the performance of individual Maastricht criteria by the Czech Republic in the period 2001 -2014 and outlines possible performance in future years. The second block of the analytical part focuses on the pair correlation and regression analysis between long-term interest rates and growth of the gross domestic product in the Czech Republic for various periods at different models. Chapter Results and discussion, together with the conclusion of the thesis summarizes the individual results and findings.
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Monetary policy in the Czech Republic
Kuchař, Ondřej ; Toth, Daniel (advisor) ; Zdeněk, Zdeněk (referee)
This diploma thesis follows up accomplishment of Maastricht criterion by the Czech Republic and forecast the accomplishment till the year 2018. The thesis contains the dependence of the household consumption at the exchange rate between the Czech crown and euro. In the theoretical part of the thesis the monetary policy and its main goals and instruments are described. The function and tasks of central bank are covered as well. In theoretical part are also described the important monetary institutions for the Czech Republic as the Czech national bank, European central bank and International monetary fund.
In the practical part of the thesis are two analyses. The first analyzes the factors of monetary policy between years 1998 and 2004. The second one analyzes the accomplishment of the Maastricht criterion between years 2004 and 2014 and there is also the prognosis of the future development till the year 2018. In the end of the thesis is compiled a model interpreting the dependence between exchange rate and household consumption. The exchange rate between Czech crown and euro has been chosen because of the intervention of the Czech national bank.
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Analysis of the Czech Republics´s preparedness to adopt the single European currency (Euro)
Čížková, Petra ; Maitah, Mansoor (advisor) ; Anna, Anna (referee)
This diploma thesis is devided into two parts, theoretical and practical. The theoretical part deals with economic background of the european integration. It´s main part is focused on the single market and mainly on the economic and monetary union. Attention is paid to the Maastricht convergence criteria, stage of real convergence and to the entry criteria adopted in Copenhagen. The practical part deals with the readiness of the Czech republic to adopt the single currency. It analyses both economic, political, and legal convergence of the Czech republic to the Euro Zone. The Czech republic has in recent years fulfilled the Maastricht critera, the addoption of euro is however hindered by insufficient legal convergence. The addoption of euro starts with a political decision, to what hasn´t been yet found sufficient consensus.
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State debt of the Czech Republic in comparison with selected countries of the European Union
Němcová, Eva ; Severová, Lucie (advisor) ; Svoboda, Roman (referee)
The bachelor thesis deals with a public debt of the Czech Republic and its comparison with debts of selected states of European Union. It is divided into two parts, theoretical and practical. In the first, theoretical part basic concepts, phenomena and methodology necessary for understanding the issue are defined. The practical part deals with historical events of mentioned states since 1918 regarding the development, state establishment, wars and similar events that caused greater fluctuations in the national debt. Next it thoroughly explores the development of state debt, consequently the economic situation of countries in the period of 1995 - 2014. In the next-to-last chapter comparison of national debts of the Czech Republic, Slovakia, Germany, Italy, Greece and Spain is done. The methods of investigation include the results of comparison and description In the last chapter of the practical part future development of state debt of the Czech Republic is predicted. The conclusion summarizes the results and benefits of the bachelor thesis.
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