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Current Problems of the European Monetary Union
Hrabovský, Jaroslav ; Plchová, Božena (advisor) ; Müllerová, Františka (referee)
The diploma thesis identifies and assesses current problems of the European Monetary Union, based on: firstly, theoretic approach which reviews the position of monetary union within the range of alternative exchange rate regimes, secondly, historic approach which explains evolutionary principle in the process of European monetary integration, and thirdly, economic approach which analyses the viability of the euro area by application of the criteria of the optimum currency area theory. Subsequently, the roots and development of today's euro area crisis are described and also future scenarios of development in Greece and entire euro area are briefly outlined. The analysis shows that the European Monetary Union by far does not meet the optimum currency area criteria and thus the euro area is considerably vulnerable to future asymmetric shocks.
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The role of the Visegrad Four under current conditions.
Harvišová, Simona ; Klosová, Anna (advisor) ; Gullová, Soňa (referee)
The theme of the diploma thesis is the Visegrad Four and its activity from the establishment in 1991 to the present. The aim of the thesis is to focus on the main purpose of the Group. The thesis examines fulfillment of set goals, which accomplishment the cooperation of V4 enabled. Significant activities of the group include EU entry, NATO entry, Schengen membership and establishment of CEFTA. The thesis covers present economic development of members of Visegrad and monetary policy regarding possible Euro acceptance. In the closing part there are the current priorities and spheres of cooperation of the Visegrad Group evaluated, i.e. activity in the EU and cooperation within V4, as well as other future perspective interest areas.
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Risks and Advantages of Adopting the Euro
Tvrzník, Petr ; Dočkal, Dalibor (advisor) ; Štěpánek, Pavel (referee)
The main goal of this bachelor thesis is to compare and valorize principal advantages and potential risks of adopting the Euro in the Czech Republic. Decision-making, whether to enter the Eurozone or not, represents a very important part of continuing European integration, which means for the post-communist states an economic and political approach to the west countries. The fundamental basis for this bachelor thesis is the theory of optimum currency areas, which is applied to the situation in the Czech Republic. The analysis of particular impacts of adopting the Euro follows. The thesis also includes some considerations about the future of the eurozone and indicates, how the actual debt crisis in some countries might influence those states, which have not adopted the Euro yet.
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Analysis of problems of South wing countries of EMU and Ireland from the optimum currency area point of view and application on Czech Republic
Michailidis, Dimitrios ; Hurník, Jaromír (advisor) ; Dudáková, Tereza (referee)
This thesis focuses on analysis of current problems of so called "South wing countries" of EMU and Ireland (countries which are being called "PIIGS") from the theory of optimum currency area point of view. It uses the static and dynamic version of the theory as a framework for analyzing the problems of internal and external imbalance within those countries and mainly the connection between current accounts deficits, high level of private and public debts, loss of competitiveness in international trade and high percent of unemployment. The thesis comes with a conclusion that the main factors behind the crisis were inflation and inflation expectations which then through different inflation differentials created asymmetric shocks in monetary policy. This inflation differential phenomenon is described in Walters critique and with other theories creates the basis of analytical part. In the appendix it assesses the readiness of Czech Republic for accepting the euro, based on the analysis made in this thesis.
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The SEPA and its products
Veselý, Tomáš ; Schlossberger, Otakar (advisor) ; Schlossberger, Otakar (referee)
The bachelor thesis characterize the SEPA (Single Euro Payments Area) framework and its products. A stress is layed on general identification of the SEPA framework, on detailed characteristic of SEPA products and, finally, on a comparison of the SEPA Direct Debit and the schema of direct debit in Czech republic.
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Průběh vstupu Francie do Evropské měnuové unie
Špániková, Kateřina ; Žďárek, Václav (advisor) ; Štork, Zbyněk (referee)
Práce popisuje průběh přijetí eura ve Francii. Zmiňuje se o historii eura, zabývá se plněním konvergenčních kritérií ve Francii, přípravou a vlastním přijetím eura jednotlivými francouzskými ekonomickými subjekty, popisuje informační kampaň a její efekt na francouzské obyvatelstvo. Dále se text zmiňuje o dopadech eura na francouzskou ekonomiku.
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The preparation of the new EU Member States for entering the Eurozone
Bušová, Tereza ; Adámková, Vlasta (advisor)
This diploma thesis deals with the preparation of the two EU Member States, namely Czech Republic and Slovakia, for joining the euro area. The first part briefly describes the formation of the Economic and Monetary Union. The core part lies in the assessment and in the comparison of both states regarding the fulfillment of the criteria for adoption of the single currency. The detailed analysis is focused mostly on the nominal and the real convergence.
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