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Vztah mezi globalizací a reálnou konvergencí: ovplyvňuje konvergence v globalizaci konvergenci reálného HDP na hlavu?
Rybanová, Soňa ; Klosová, Anna (advisor) ; Nin, Lin Lin (referee)
This dissertation poses the question of whether there is a relationship between the speed of convergence of globalisation and the speed of convergence of GDP per capita. Firstly, the concepts of globalisation and real convergence and their relationship are thoroughly explained from both the theoretical and empirical point of view. And secondly, the answer to the question comes in the form of beta and sigma convergence analysis of this relationship. Thirdly, the analysis splits the countries into two groups (developed and developing countries) and finds interesting but ambiguous results in their comparison. Finally, in order to correctly interpret the results of absolute and conditional beta and sigma convergence, their theoretical and empirical overview is discussed in depth. The dissertation concludes by providing some answers to the initial question for every particular analysis. Namely, it shows that this relationship is indeed very ambiguous.
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Monetary policy of ČNB and prospects of euro adoption
Hojková, Tereza ; Koderová, Jitka (advisor) ; Petrušová, Martina (referee)
The thesis "Monetary policy of ČNB and prospects of euro adoption" focuses on assessment of current monetary policy of the Czech National Bank its role in the process of preparation for the adoption of the single European currency and the Czech Republic's preparations for joining the European Monetary Union. The second part deals with the monetary policy of the Czech National Bank in connection with the entry into the European Monetary Union and its alignment with the monetary policy of the European Central Bank. The third section examines the impact of financial crisis on the monetary policy of the Czech National Bank, and development of economy of the Czech Republic in comparison with the European Monetary Union.
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Evaluation of preparedness of Czech Republic for reception of common currency
Jirkovská, Jana ; Žamberský, Pavel (advisor) ; Šaroch, Stanislav (referee)
The thesis is aimed at the evaluation of preparedness of the Czech Republic for acceptance of the common currency. Preparedness according to the convergence criteria and the state of the real convergency is evaluated in the thesis. Within the convergence criteria a state of the public finance is discussed in detail and the necessity for undertaking reforms. The real convergency is rated in the thesis according to the value of the GDP per capita, flexibility of the labour market, competitiveness and openness of the economy. In the end the recent progress in the EU is discussed, mainly in the Euro-zone. An outlook of the impact of the current events on the future of the EU is proposed.
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The monetary policy of the Czech national bank and the prospects of euro adoption
Kobzová, Tereza ; Koderová, Jitka (advisor) ; Osička, Štěpán (referee)
The aim of this thesis, thats title is "The monetary policy of the Czech national bank and the prospects of euro adoption. Meeting the Maastricht monetary criteria and possible complications.", is answer the question whether the Czech Republic is ready now to adopt the common european currency (euro) or not. This thesis is divided into three parts. The first part pays attention to the monetary policy of the Czech national bank in connection with the entrance of the Czech Republic into the euro area and other parts deal with the convergence of the Czech Republic to the euro area. The second part discusses the convergence from the perspective of meeting the Maastricht monetary criteria and the third part deals with the real convergence. My conclusion is that the Czech Republic is not ready now to adopt euro and should wait with the adoption of a common european currency till the moment when is prepared better.
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Evaluation of Abilitiy of the Czech Republic to Adopt the Common European Currency
Merglová, Kamila ; Čajka, Radek (advisor) ; Kalínská, Emílie (referee)
The aim of this thesis is to evaluate the ability of the Czech republic to join the euro area. It deals with the fulfilment of Maastricht convergence criteria and predition of their fulfilment in the near future. In this thesis an analysis of real convergence criteria is also included to indicate the alignment between economic levels of euro area and the Czech Repulic. One chapter is dedicated to the adaptation mechanisms that would help the Czech Republic when dealing with the external macroeconomic shocks. Finally, there is a short description of the whole process of adapting euro in the Czech Republic with the implementation of "Big Bang" scenario.
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Nominal and Real Convergence of the Czech Republic to EU (selected issues)
Tobiczyk, Martin ; Koderová, Jitka (advisor) ; Hýla, Pavel (referee)
The aim of the submitted thesis "Nominal and Real Convergence of the Czech Republic to EU (selected issues)" is to analyze nominal and real convergence of the Czech Republic to EU member countries from macroeconomic point of view, by using comparison with other transition economies. It presents and discusses theoretical issues relating to convergent process. The thesis deals with analysis of convergence using these indicators: GDP per capita in purchasing power parities, comparative price level, Maastricht criteria and some other indicators.
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Integration state of the Czech Republic to the Eurozone
Krčmařová, Klára ; Čajka, Radek (advisor) ; Sedláček, Jiří (referee)
This bachelor thesis on the theme "Integration state of the Czech Republic to the Eurozone" focuses on the adoption of the euro by the Czech Republic. The work starts with the historical facts of the European Integration and integration of the Czech Republic into Europe. The work also describes the complex development of the Czech Republic from the perspective of all necessary criteria of nominal convergence and indicators of real convergence. In connection with the criteria is also mentioned the Stability and Growth Pact. One chapter is entirely about the Czech readiness to join the Eurozone. Specifically, this work describes the organisational and legislative measures. In conclusion, the work summarizes the possible positive and negative effects of the euro and also outlines the likely evolution and the term of the single currency in the Cech Republic.
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Convergence of new member states of the EU
Nevoralová, Lenka ; Adámková, Vlasta (advisor) ; Neumann, Pavel (referee)
This thesis concentrates on the new member states of the European Union and their convergent processes. It is particularly focused on five Central European countries -- the Czech Republic, Hungary, Poland, Slovakia and Slovenia, which became the members of the European Union on 1st May 2004. The first chapter deals with the countries during their preparation process for the membership in the EU, the meeting the Copenhagen Criteria and their economic development. The second chapter is focused on the development of Central European countries in the EU. There is featured the development in the first years of their membership and during the economic crisis and the recovery. The third chapter concentrates on the processes of the real and nominal convergence in the Central Europe. Besides monitoring various stages of convergence over time there is documented the course of the convergence by the calculation of beta convergence in the European Union. At the end of the thesis there is outlined the relationship between the degree of nominal and real convergence in the concerned countries.
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Assessment of preparedness of the Czech Republic for adopting the euro
Pudilová, Jitka ; Sedláček, Jiří (advisor) ; Čajka, Radek (referee)
The aim of this bachelor thesis is to assess the preparedness of the Czech Republic for adopting the euro in terms of both nominal and real convergence. The thesis is divided into three main chapters. The first chapter describes the process of forming the European economic and monetary union. The second chapter deals with individual Maastricht convergence criteria and their fulfillment by the Czech Republic. The third chapter analyses the real convergence of the czech economy to the euro area based on selected criteria.
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