|
|
Fulfilment of the Maastricht Convergence Criteria by the Czech Republic for the Entry to the Eurozone
Klemmová, Magdaléna ; Plchová, Božena (advisor) ; Kopecký, Jan (referee)
Bachelor thesis devotes to the fulfilment of Maastricht convergence criteria by the Czech Republic. The first chapter refers to the history of the European monetary integration up to the formation of European monetary system. Second chapter concerns the establishment of the Eurozone and defines Maastricht convergence criteria. Third chapter analyses fulfilment of the criteria by the Czech Republic; compares possible advantages and disadvantages of the united currency and describes the strategy of joining the Czech Republic to the monetary union. The last chapter concerns the current crisis of the Eurozone and opinions about the euro area.
|
|
|
Fiscal compact
Suková, Nikol ; Ježek, Tomáš (advisor) ; Chmelová, Pavla (referee)
The thesis evaluates a need of the Fiscal compact measures, its adequacy and impacts on the Eurozone namely based on evaluation of indebtedness of selected member states. The evaluation is carried out by the empirical-analytic research, where the euro zone is analyzed from the perspective of the theory of optimal monetary area, the issue of member countries indebtedness and impacts of indebtedness on the entire euro zone. The thesis also evaluates the existing instruments of fiscal discipline and their deficiencies and new Fiscal compact as an instrument for stabilization and correction. The thesis examines the accuracy of the initial hypothesis that the Fiscal compact as an instrument of fiscal discipline is entirely essential measure of the future euro area functioning. It had been proven that a monetary union can not effectively operate without the long-term fiscal union.
|
|
|
The impact of the debt crisis on monetary integration in Europe
Pecho, Maroš ; Čajka, Radek (advisor) ; Hinčica, Vít (referee)
The bureaucratic structures of European Union, Eurozone etc.; deal with the issue of monetary integration these days. This point was achieved, because of the beginning of debt crisis, which has erupted in 2009. In this thesis is a clear explanation of monetary integration in general, hers costs and benefits and also historical development within the framework of monetary union in Europe. The emphasis is placed on creation reasons of debt crisis, with detailed description and interpretation of the global imbalances principle, applied on Eurozone members. In the part discussing global imbalances are stated PIIGS states and their main task within the framework of debt crisis. The most important part is the part, noticing the concrete steps in European integration deepening such as formation of stability mechanisms -- EFSM, EFSF, ESM; continues to preparation of formation named as bank union; introduction of financial transaction tax etc. The might and theoretical solutions, like Eurobonds or disintegration of Eurozone, are also included. The last paragraph sums up impact of debt crisis on integration processes.
|
|
|
The Evolution of Europan Unification in Coherence and Context of the Financial Crisis
Ehl, Adam ; Blahová, Naděžda (advisor) ; Brada, Jaroslav (referee)
Bachelor thesis "The evolution of europan unification in coherence and context of the financial crisis" is aimed at research of uncommon aspects in area of market bubble bursts. From the base of disregarded history facts, thesis aspires to reveal errors caused in the past and whether there is a possiblity to identfy its' momental consequence in Europan integration process. Whole thesis is diveded into three chapters, wheras every chapter contains theoretical and practical look. Theoretical principle explains the development of money systems, terms associated to crisis and describes the evolvement of integration process. Practical part is devoted to commentary of causes and effects in relation to ancient crisis, while it equates findings for comparation to the actual one. Discovery beneath forming the Europan Union are also survey.
|
|
|
Heterogenous economic positions of eurozone members and common policy of ECB
Pekárek, Štěpán ; Pfeifer, Lukáš (advisor) ; Urban, Luděk (referee)
One of the core economic questions of present Europe is european debt crisis. This work focuses on analysis of situation of the Economic and Monetary Union of the EU using Taylor rule model. Outcome of the analysis is confirmation of hypotesis about a heterogeneity among member states concerning monetary policy. Optimal interest rates of individual states according to Taylor rule are not homogeneous and diverge from interest rate of European Central Bank. This signifies an heterogeneity in demands on common monetary policy. There are two groups of countries identified according to the extent of heterogeneity - periphery and core countries. Further this work builds up on the findings of model and discusses in depth their connections with current problems of monetary union. There are chosen three main areas: credit expansion, public finance and single currency.
|
|
|
Náklady na vstup do EMU a případ Řecka
Trimmi, Argyro ; Brůna, Karel (advisor) ; Kučera, Lukáš (referee)
The introduction of euro in 2002 was considered to be a risky "experiment. Even before its actual existence, many economists have doubted the success of the Economic Monetary Union (EMU) emphasizing the potential costs of such a bold action. The traditional Optimum Currency Area by Mundell (1961), Mc Kinnon (1963) and Kenen (1969) has pointed out the loss of the exchange-rate mechanism and the structural differences among the member states as the main sources of costs within a monetary union. Ten years after the circulation of euro, the ongoing Greek debt crisis has revealed the imperfections of the EMU. Greece has become the "black sheep" of the union, having accumulated unsustainable levels of public debt and deficits that could pose a threat for the future of the Eurozone. It is widely believed that the profligate fiscal policies of the Greek government and the domestic flaws of the Greek economy have played an importan role on the country's debt crisis. However, the impact of Greece's accession to the EMU on the current crisis is still a moot question.
|
|
|
Development and problems of the European integration
Prokopičová, Lucie ; Jeníček, Vladimír (advisor) ; Karpová, Eva (referee)
This thesis is principal focused on the question of the future existence and sustainability of the European integration project and its monetary element -- euro-area related to the competitiveness due to consequences of the global financial crisis, present situation and debt difficulties affecting states of Southern Europe, business and financially connected with other European countries. In my considerations and conclusions I also deal with prospective estate in case of various changes of the integration including disintegration, end of the single currency, as well as the factors, that might cause these changes and inflict serious consequences. It is necessary to reveal if the formed situation is acceptable for the member states. The aim of the thesis is to characterize and provide a piece of information about existing progress of the European integration in relation to treaties including competitiveness rating, outline serious issues especially endangering the euro-area and future stability of the whole European Union and analyze its impact, propose solutions and possible scenarios, eventually assess development perspectives and sustainability of the European Union as a complex.
|
|
|
Should a common economic policy be implemented in the European Union?
Žiaková, Silvia ; Čajka, Radek (advisor) ; Černá, Iveta (referee)
This bachelor thesis deals with the theme of the implementation of a common economic policy within the EU. The aim of the thesis is to analyze the current situation and subsequently appraise whether it is a good option for the EU to move towards a common economic policy. The work is divided into three chapters, the first chapter covers the most important historical events during the modern integration in Europe. The second chapter discusses the issue of the Economic and Monetary Union and also explains the fact that there is no common economic policy within the EU. The last chapter is devoted to the characteristics of the current proposals and reforms which have been created in order to suppress the unfavorable economic conditions and to deepen integration of the economic policies of the EU member states.
|
|
| |
|
|
Perspectives and possibilities of monetary integration in the GCC
Volková, Anna ; Hnát, Pavel (advisor) ; De Castro, Tereza (referee)
The work deals with evaluating the possibility of monetary integration of the GCC and its future development. It examines the current economic situation of GCC member countries, trade and monetary links, and the steps in the integration since the early eighties. Convergence criteria have been agreed in preparation for GCC Monetary Union, which also deals with this work. In conclusion, the options to diversify GCC economies and possibilities for entry new states in GCC are evaluated .
|
guest ::
