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Impact of euro adoption on Slovak’s economy, focusing on competitiveness
Závadská, Jana ; Bič, Josef (advisor) ; Šaroch, Stanislav (referee)
Thesis analyzes different indicators of competitiveness in period before and after adopting of euro in Slovakia. First chapter contains theoretical background, defines competitiveness and methods of its measuring. Second chapter analyzes development of macroeconomic indicators such as GDP, inflation, government debt and deficit. Aim od third chapter is to evaluate competitiveness of Slovakia, using different competitiveness reports and this chapter also contains analysis of unit labor costs, labor productivity and real effective exchange rate. Fourth chapter is analyzing different exchange rate regimes and compares impact of financial crisis on Slovak and Czech economy due to the fact, that countries had different exchange rate regimes in this period.
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Exchange rate arrangements in transition economies
Kudličková, Anna ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
The choice of the exchange rate regime is the topic substantially discussed in the economic literature and especially it is discussed in the case of the transition economies. The aim of the thesis is to make a survey of the impact of exchange rate regimes on these economies. Within the thesis there are analyzed the regimes and the conomies of the four transition countries, namely Poland, Hungary, Czech republic and Lithuania. The thesis assesses the benefits and costs of the individual regimes in each country since the beginning of the economic transformation up to nowadays.
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The role of exchange rate regimes in monetary crises
Vránová, Jana ; Taušer, Josef (advisor) ; Černá, Iveta (referee)
This thesis is devoted to the role of exchange rate regimes in monetary crises. The first chapter elucidates basic terms concerning exchange rate, e.g. quotation, convertibility, central parity. In the second chapter there is every particular regime and its role in crisis described in detail. The term "monetary crisis", its reasons and consequences are explained in the third chapter. This is put into practise in the fourth chapter, which deals with the Czech crown's monetary crisis in 1997. The last chapter analyses the impact of the implementation of the supranational currency on the trend of the macroeconomic indicators.
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Sustainability and the future of managed floating in China
Švarc, Jiří ; Antoš, Ondřej (advisor) ; Ježek, Tomáš (referee)
The purpose of this thesis is to study the Balance of Payments and the Exchange Rate of the People's Republic of China, and it aims to assess whether the current performance of their Managed Floating Exchange Rate is sustainable in the future (given the equilibrium of China's Balance of Payments) and examine what effect would a Free Floating Renminbi Exchange Rate have on the Chinese economy. The work uses the method of compilation - gathering and organizing information on the development of China's External Balance of Payments, renminbi, and foreign exchange reserves. Government, together with the Central Bank initially practiced the Fixed Exchange Rate of the domestic currency against the U.S. dollar. The Stable Exchange Rate regime has been replaced by a system of Managed Floating since the second half of 2005. In this context the work uses the method of comparison -- comparing the situation before the mentioned replacement, and subsequent development. Based on the individual findings, it has become obvious that a significant imbalance in China's equilibrium Balance of Payments continues. Furthermore, the work suggests effects the Free Floating Exchange Rate of renminbi would have on the Chinese economy. The conclusion points out the possible complications of China's currency management that may affect the Chinese economy.
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Development of Czech Republic's exchange rate policy since the beginning of the transformation
Kovářová, Petra ; Kalínská, Emílie (advisor) ; Žamberský, Pavel (referee)
The bachelor thesis deals with exchange rate policy in the Czech Republic. Preliminary, there are described types of exchange rate regimes and methods of influencing exchange rate by central banks. The work is focused on the development of the Czech Republic's exchange rate policy since the beginning of the economic transformation. It starts with the Czech Republic's introduction of internal convertibility in January 1991. Further the dissolution of Czechoslovakia and the monetary separation is mentioned. In 1995, external convertibility is introduced and it is followed by currency crisis in 1997. Attention is paid to the central bank's attempts to solve crisis which lead to exchange rate regime change in the end. In the next part, further development of exchange rate is described. At the end our chance to join euro in future is analysed.
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