|
|
The andantages and disadvantages of joining the EMU for the Czech republic
Tůmová, Daniela ; Brůna, Karel (advisor) ; Petrušová, Martina (referee)
The aim of this bachelor thesis is to discuss whether the Czech Republic is well prepared or not to join The European Economic and Monetary Union. It also describes the advantages and disadvantages connected with membership in The EMU. At the beginning it describes The European Economic and Monetary Union and the process of its formation. It also pays attention to the Maastricht criteria. Their performance is necessary for becoming a member of the EMU. It deals with economic convergence between the Czech Republic and other members of the EMU. Another topic of this work is the current performance of the Maastricht criteria by the Czech Republic. .In the last chapter it focuses on the current economic situation in the Czech Republic and the current economic convergence to the EMU. Finally this work evaluates that in these days the Czech Republic is not ready to join the European Economic and Monetary Union.
|
|
|
The readiness of Czech Republic for admission of EUR
Hedbávná, Andrea ; Marková, Jana (advisor) ; Ondřich, Libor (referee)
The main goal of this bachelor work is to appraise readiness of Czech Republic for admission of EUR and investigate which steps are necessary to implement before. First part of this work is dedicated to history of European Union and to steps which have lead to admission of Czech Republic. Further, description of another member countries of European Monetary Union and conditions required for admission of common currency EUR in next part. There is also description of possible scenarios of establishment EUR in Czech Republic. The main focus is on Maastricht's criterias which are supposed to be met for the membership in EMU. Then I'll evaluate the state of fulfilling of Maastricht's criterias by Czech economy. Then I will try to outline the advantages and disadvantages which can EMU membership bring to us. In concluding part of this work I'll describe which way changes monetary politics of Czech central bank after EUR introduction. I'll also assess how ready Czech Republic is for EUR admission in present time.
|
|
|
Fulfillment of the Maastricht convergence criteria in conditions of the Czech Republic
Berounová, Eliška ; Plchová, Božena (advisor) ; Müllerová, Františka (referee)
This bachelor thesis deals with the fulfillment of the Maastricht convergence criteria in conditions of the Czech Republic. At the beginning of the thesis, the development of the monetary cooperation in Europe and the establishment of the European Monetary Union are outlined. Then the Maastricht convergence criteria are described as well as the progression of their fulfillment by member countries of the European Union before the establishment of the Euro-area. The main part focuses on the situation in the Czech Republic. The convergence of the Czech Republic with the Euro-area is closely evaluated and its development is compared with Slovakia. The conclusion deals with the impacts of accepting Euro in the Czech Republic and the speculation on a possible date of entry into the European Monetary Union.
|
|
|
Readiness of Swedish kingdom for adopting common currency
Eichlerová, Jana ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
The work's goal is to examine the readiness of Sweden for the possible introduction of the euro as a legal tender. It monitors as the economic situation and fulfilling of convergence criteria, so the atmosphere prevailing among the population. In conclusion is the situation compared with Czech Republic, which should implement a common currency in nearby future and with the Slovak Republic, which has already been using euro for one year.
|
|
|
Nominal and real convergence between the Czech Republic and the euro area
Salaj, Petr ; Brůna, Karel (advisor)
The aim of this bachelor thesis is to discuss how well the Czech economy is prepared to enter the eurozone. It first briefly describes the conception and development of the European Economic and Monetary Union, the Maastricht criteria and the economic convergence criteria. It further considers the potential advantages and disadvantages offered to the Czech Republic from EMU membership, and then judges the Czech Republic's fulfilment of the Maastricht criteria. The last chapter focuses on the current economic convergence between the Czech Republic and the euro area. Finally the work evaluates the position of the Czech economy and concludes that in the short term the Czech Republic is not ready to adopt the Euro.
|
|
|
The benefits and the costs of the common European currency and the following analysis of the current situation of the European Monetary Union
Vondruška, Tomáš ; Dlouhý, Vladimír (advisor) ; Kadeřábková, Klára (referee)
The topic of my bachelor's work is the benefits and the costs of the common European currency and the following analysis of the current situation of the European Monetary Union. The first part deals with possible benefits and costs which are brought about by introduction of the common currency. In the second part I am trying to analyze whether the European Union meets expectations for optimum currency areas and whether the benefits from introduction of the common currency exceed its costs. At the end of this part I evaluate current economic development of Eurozone and several West-European countries which have not accepted the euro. I apply two basic economic aggregates inflation and GDP. The aim of this work is to point out possible benefits but also costs as a result of forming a monetary union. I would like also to outline whether the European Monetary Union has optimum currency area characteristics.
|
|
|
The OCA Theory and its application to tranzition economies
Stehlík, Petr ; Chytilová, Helena (advisor) ; Chytil, Zdeněk (referee)
The goal of this bachelor paper is to answer a question, which transition economy best fulfills the optimum currency area criteria in relation to the European Monetary Union. The first part deals with history of the OCA theory. I focus on important papers (Mundell, Kenen, McKinnon etc.), which gives proper insight to summarize the optimum currency area criteria. These criteria are the background for analytical part of the thesis. I analyse these criteria separately. According to analysis I assign coefficients for each kriteria and for each economy. In the conclusion I compare transition economies and we try to find out, which economy best fulfills the optimum currency area criteria in relation to the EMU.
|
|
|
Business cycles convergence between eurozone and the new EU member states
Janeček, Daniel ; Abrhám, Josef (advisor) ; Jiránková, Martina (referee)
The paper examines the degree of convergence between the business cycles of the new EU member states and eurozone. This convergence is a necessary condition for a troublefree operation of a monetary union. Several analyses have been used to assess the problem -- pure time series correlation, correlation of detrended time series and of lagged series, and above all impulse-response functions correlation and forecast error variance decomposition. Finally, the paper briefly assesses the evolution of business cycles convergence.
|
|
|
Evaluation of positives and negatives of accession of the Czech Republic to the European Monetary Union
Kabešová, Karin ; Korda, Jan (advisor)
This paper is evaluating earnings and costs of the accession of the Czech Republic to the European monetary union. It defines the Theory of Optimal Currency Areas, both classic and modern approach, and brings up arguments for and against the accession to the monetary union. Further it deals with costs and earnings of the membership in the monetary union both in theory and as an approximate enumeration. It evaluates fulfilling of Maastricht criteria by Czech Republic and simulates its stay in the ERM II system. As the conclusion it states the later date of accession as the most favorable solution for the Czech Republic.
|
|
|
Maastrichtská konvergenční kritéria a nové země EU
Varga, Dušan ; Pígl, Jan (advisor)
Bakalárska práca sa zameriava na európskou úniou vyžadované kritéria pre vstup do eurozóny. V teoretickej časti popisuje proces formovania európskej menovej únie, konkretizuje jednotlivé maastrichtské konvergenčné kritéria a zaoberá sa výhodami a nevýhodami vstupu do eurozóny. V analytickej časti sa kladie dôraz na hodnotenie nominálnej konvergencie Českej a Slovenskej republiky v rozmedzí rokov 2004-2007 a to konkrétne pre každý rok a každé kritérium samostatne.
|
guest ::
