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Vliv zavedení eura na míru inflace ve státech střední a východní Evropy
Vývoda, Ondřej
Vývoda O., The Impact of Introduction of the Euro on the Inflation Rate in Central and Eastern European states. Diploma thesis. Brno: Mendel University in Brno, 2019 This diploma thesis concerns with the impact of introduction of the Euro on the rates of inflation in central and eastern European states (Slovenia, Slovakia, Esto-nia, Latvia and Lithuania). First part offers a review of existing literature on the matter of inflation and perceived inflation on accession to the Monetary union. Second part is focused on the analysis of panel data where the impact of introduc-tion of euro on the inflation rates of these states is tested on the basis of the mone-tarist model of inflation determination. Subsequently, the thesis is complemented by an effects analysis in individual states using the Difference-in-differences method. The last part contains discussion and a summary of the results.
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The Dutch disease theory and its application to countries with independent monetary policy and members of monetary union
Fiala, Vojtěch ; Šíma, Ondřej (advisor) ; Dvořák, Michal (referee)
This diploma thesis aims to give a comprehensive picture of a phenomenon called The Dutch Disease whose symptoms had been increasing in many countries during the second half of the 20th century, especially in connection with mining. The first part deals with the detailed description of traditional economic theory and its later upgrades. In the second part, the Dutch Disease theory is applied to the member countries of the European Monetary Union and highlights the problems of asymmetric shocks, which may include among others the discovery of mineral resources. The third part then attempts to look at the recent European balance of payments crisis through the eyes of the Dutch Disease theory and to highlight a number of common symptoms.
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The impact of the debt crisis on monetary integration in Europe
Pecho, Maroš ; Čajka, Radek (advisor) ; Hinčica, Vít (referee)
The bureaucratic structures of European Union, Eurozone etc.; deal with the issue of monetary integration these days. This point was achieved, because of the beginning of debt crisis, which has erupted in 2009. In this thesis is a clear explanation of monetary integration in general, hers costs and benefits and also historical development within the framework of monetary union in Europe. The emphasis is placed on creation reasons of debt crisis, with detailed description and interpretation of the global imbalances principle, applied on Eurozone members. In the part discussing global imbalances are stated PIIGS states and their main task within the framework of debt crisis. The most important part is the part, noticing the concrete steps in European integration deepening such as formation of stability mechanisms -- EFSM, EFSF, ESM; continues to preparation of formation named as bank union; introduction of financial transaction tax etc. The might and theoretical solutions, like Eurobonds or disintegration of Eurozone, are also included. The last paragraph sums up impact of debt crisis on integration processes.
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