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Economic and Monetary Union
Vašíček, Petr ; Adámková, Vlasta (advisor) ; Hitzgerová, Vlasta (referee)
The object of this essay is focused on the Economic and Monetary Union. The EMU was realised on the basis of Jacques Delors report during the nineties. This report supposed three stages to achieve the specific goals which would lead to the EMU. One of the most important task was the fulfilment of the nominal convergence criteria which allowed the permission to join the euro area. This conditions were and are necessary to smooth monetary union functioning. Nowadays is this theme very actual by reason that the Czech Repulic joined the European Union on 1st May 2004. By this joining the Czech Republic is participating the third stage of the EMU and the euro will be accepted in this country later
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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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Assessment of the preparedness of the czech economy for adopting the single currency
Drozenová, Blanka ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
This thesis assesses the preparedness of the Czech republic for adopting the single currency euro in terms of nominal and real economic convergence. In the first part there is outlined the history of the establishment of the European economic and monetary union. The second part describes single maastricht convergence criteria and evaluates their fulfilment by the Czech republic. The third part deals with the real economic convergence of the czech economy towards euro area.
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Evaluation of the current status of the preparedness of the Czech economy for the common currency
Rychna, Karel ; Taušer, Josef (advisor) ; Plchová, Božena (referee)
Paper evaluates current status of the preparedness of the Czech economy for the currency Euro. It includes both aspects of the process, i.e. formal preparation and the real convergency. In the field of formal preparation the functioning of EMU is described, based on which current formal status of the czech EMU membership is assesed. The Maastricht criteria are considered part of the formal process as well. On the other hand, a range of real indicators, which are chosen based on various OCA resources is evaluated, giving the full picture of the current situation.
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Eurozone from the view of OCA theory: conclusion for the Czech Republic
Kovač, Vojtěch ; Czesaný, Slavoj (advisor) ; Rybáček, Václav (referee)
This diploma thesis is concerned with the Robert Mundell's theory of optimum currency area (OCA) and its relation to European monetary union (EMU) or (if you like) Eurozone. The OCA theory belongs to one of the most comprehensive approach to evaluate whether adoption of a common currency by a certain block of countries is beneficial of not. Thus this paper tries to apply OCA theory to the current Eurozone member countries and is focused especially on three main attributes -- the symmetry of economic shocks, the labor market flexibility and the economic integration of international trade between the member states of the euro area. Results of this analysis are then applied to the new member states and the immediate candidate EU member states -- especially to the Czech Republic. The work assesses the feasibility of the OCA theory for classification the candidate countries and their readiness for entering the Eurozone and finally offers alternative criteria by which the readiness for adoption of the Euro should be measured. The text is based on available theoretical and empirical sources supplemented by the author's analyses.
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European Monetary Union and the single currency euro in relation to greek economy
Fodorová, Barbora ; Abrhám, Josef (advisor) ; Jelínek, Tomáš (referee)
The project of European economic and monetary union is unique in its range and depth. The new member states were not granted an opt-out clause and that is why they are obliged to become part of the euroarea in the future. Therefore any experience of those EU member states which already adopted the euro should be useful for them. Particular most useful lessons may be learned from the experience of Greece as these countries share some common features. From this reason more detailed study of EMU and single currency and their effects on Greek economy may be worth.
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