|
|
The process of the nominal and real convergence in Czech Republic after entering European Union
Benedikovičová, Petra ; Nečadová, Marta (advisor) ; Pošta, Vít (referee)
The aim of the bachelor paper is the macroeconomic analysis of the nominal and real convergence of Czech Republic within EU-27. Is the economic and price level of the Czech Republic closer to the level of EU-27? To which extent did the entering of the Czech Republic influence its competitiveness? Does the Czech Republic fulfill the Maastricht Convergence Criteria? I will try to answer these questions with the help of the chosen indicators on the basis of the statistic data available from the Statistical Office of the European Commission Eurostat, national CSO, also according to the evaluation of the Global Competitiveness Report, which is published every year by the World Economic Forum and finally according to the document of the Ministry of Finance of the Czech Republic and the Czech National Bank, that has been evaluating the fulfillment of the Maastricht Convergence criteria from the year 2004.
|
|
|
Nominal and real convergence of the Czech Republic in relation to EMU
Klátová, Jana ; Plchová, Božena (advisor) ; Korandová, Jiřina (referee)
The diploma thesis evaluates nominal and real convergence of the Czech Republic in relation to its future entry to euro area. First chapter focuses on process of creating the Economic and Monetary Union and description of convergence and its function during the implementation of euro. In the second chapter the Czech monetary integration process is defined. The third and forth chapters contain evaluation of convergence of the Czech Republic. In the last chapter there is a comparison of the Czech Republic and Slovakia, especially the common and different trends in approaching the process of monetary integration.
|
|
| |
|
|
Processes of real and nominal convergence in enlarged EU
Mikulka, Jakub ; Bič, Josef (advisor) ; Abrhám, Josef (referee)
This bachelor thesis deals with real and nominal convergence in the European Union. Particular attention is devoted to differences in convergence processes between New and Old Member States of the European Union. Beta and sigma convergence is tested at the levels of states, regions NUTS 1 and NUTS 2 during period 1995-2006. The results are put in theoretical background of Solow-Swan model and New Economic Geography. Furthermore, Balass-Samuelson effect and his incidence is presented.
|
|
|
The Analysis of an Admission of the Czech Republic in to the European Monetary Union
Krebsová, Michaela ; Skopeček, Jan (advisor) ; Hudík, Marek (referee)
The aim of this bachelor thesis is to analyse readiness of the Czech Republic for euro adoption. First part presents historical overview of OCA theory, especially Mundell's labour market flexibility and the OCA index. Furthermore, assumptions are provided for an analysis of labour market flexibility on the basis of different empirical studies. Additionally theory of real convergence is introduced. This theoretical framework, introduced in the preliminary part of this work, presents fundamentals for further analysis. The latter analysis focus on labour market flexibility, structural resemblance of economies, real convergence and the OCA index. On the basis of results obtained, evaluation about benefits and cost of euro adoption is provided and consequently conclusions about euro adoption are deduced.
|
|
|
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.
|
|
|
Slovakia: macroeconomic development in the context of accession to the euroarea
Repaská, Lucia ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
The aim of the work is to evaluate the process of nominal and real convergence in Slovakia. Furthermore, the introduction is addressed the macroeconomic development since the beginning of the separate state and evaluates it in the context of the accession to the euroarea. After posttransformating stabilization Slovakia was unable to start the successful economic development. Thanks to the adoption of restrictive measures and several reform steps since 1998 Slovakia managed to achieve a gradual healthy economic growth and improvement of macroeconomic indicators, which culminated in 2008. However in the end of the year hit Slovakia the first sign of cooling due to global economic crisis and because of this fact the work offers a short view of the fortcomming uncertain future. Nominal convergence represents within the European union the Maastricht criteria, Slovakia fullfilled them in March 2008 with caution. The real convergence is evaluated in the light of the indicator of GDP per capita in purchasing power parity, which development has seen in recent years a remarkable increase in Slovakia. Adoption of the common european currency does not mean to meat the formal Maastricht criteria but also requires the adoption of the various substantive aspects, such as Slovakia National Plan for euro.
|
|
|
The economy of Spain and its position in the European Union
Hlávková, Eva ; Jeníček, Vladimír (advisor) ; Jelínek, Jiří (referee)
The aim of the thesis is to assess the economy of Spain and its position in the European Union. The European integration processes significantly influenced the development of democracy in Spain as a member state of EU. The period after Franco regime would last undoubtedly much longer and it would grow less dynamically without these processes. The influence of EU affected not only the Spanish economy, but also the current position of Spanish monarchy in Europe and in the whole world. The thesis is structured in three main parts. To be able to assess the Spanish economy during its membership in the EU, it is essential to study the procedures of negotiations between the candidate country and the Community. That is the reason why the first part is engaged in the pre-entry phase. The second part examines in detail the development of the economy after the reintroduction of democracy in the country. It deals mainly with the macroeconomic tendencies, their causes together with consequences. The progress concerns the economic situation in Spain before the entry to the Community, in the second half of eighties, as well as during the nineties. The thesis does not forget to be engaged in the current situation in the new millennium and it also outlines the possible development in the following years. The last part is devoted to the position and the influence of Spain on the main integration directions in the European Union. The coherence and the extent of evaluation can be considered one of the benefits of this work. The thesis introduces the complex view of the Spanish economy since the entry to the EU. It also deals with possible following tendencies. The understanding of the development is facilitated by a large number of graphs and tables, which help to outline the essence of the topic.
|
|
|
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.
|
|
|
Ready for Euro?
Staňková, Andrea ; Urban, Luděk (advisor) ; Potužák, Pavel (referee)
Recently, there has been a broad discussion regarding the timing of joining the Euro zone. The mainstream opinion is that the sooner the Czech Republic joins, the better. However, as this thesis indicates, especially the econometric model, the Czech Republic is not ready for doing so. Hence, an early accession may not be beneficial.
|
guest ::
