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Exploration of the jet stream in the civil air transport
Švec, Michal ; Imriš, Pavel (referee) ; Krška, Karel (advisor)
This master’s thesis deals with jet streams. The exploration part describes conditions of jet stream formation, its characteristics, classification on the geographical basis and phenomena attendant on the jet streams. It also contains a description of jet stream measurement methods and methods of its interpretation in aeronautical meteorological charts. Organization of aeronautical traffic in the north Atlantic region within reach of the jet streams is further described. Practical part of this thesis contains author’s own research which compares time and economical profitability of transatlantic flights planned according to the jet streams. The principle of this evaluation was based on assessment of real flights and flights via shortest possible routes. It was proven, that profits mentioned above are gained only in the oceanic parts of flights.
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The Impact of Theory of Optimal Currency Areas on Discursus of Political Parties ČSSD and ODS about the Entry to the Eurozone Between the Years 2010 - 2012
Müller, Lukáš ; Kasáková, Zuzana (advisor) ; Svoboda, Karel (referee)
1 Abstract This essay is about the theory of optimal currency areas (OCA) and its reflection in public discussion of two biggest political parties in Czech Republic - ODS and ČSSD, about Czech Republic entering the European Monetary Union (EMU). Although EMU hadn't met the criteria of OCA before the examined period, both parties entered the elections in May 2010 with more or less pro-european program despite decreasing support of eurozone in Czech public opinion. ČSSD, as well as ODS, only limitedly mentioned the OCA in their argumentation whereas they explained their attitude with other reasons. While ČSSD remained loyal to its pro European policy even after the election, ODS started diverting from their European agenda right after them. This process ended with their demand for referendum about the entry of Czech Republic to the Eurozone. Before the elections, Social Democrats were the ones to discuss this topic the most, but afterwards their rhetoric limited mostly to reactions to public statements and actions of ODS only.
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Economic and legal aspects of euro adoption in the Czech Republic
NOVOTNÝ, Adam
The Czech Republic has committed itself to adopt the euro with joining the European union in 2004. Until today there has not been any political interest of setting the specific date of euro adoption due to low public approval. Currently, there is an increase of positive public opinion about euro so it is the right time to start an objective discussion. The thesis is divided into three parts. The First part describes the history and evolution of the European monetary union, Maastricht convergence criteria and the theory of optimal currency area. The second part presents possible economic benefits and costs of joining the monetary union. The third and the main part examines the real effects of euro adoption on sample of selected countries with similar characteristics. The impact of euro on main economic indicators was analysed and there has been carried out a comparison between these countries. Also the role of euro in trade of selected countries has been highlighted. Last but not least, the possible impact of euro on country competitivness has been analysed in the context of optimum currency area theory. It is expected that joining the monetary union leads to a boost of bilateral trade which harmonizes the economic cycles of trade partners. The main purpose of this part is to prove the increase of competitiveness of exporters gained from monetary union measured by the raise of the bilateral trade interconnection. Finally these two criteria - gross domestic product alignment and bilateral trade interconnection have been used to describe the suitability of Czech Republic as a candidate country for the European monetary union.
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The Impact of Theory of Optimal Currency Areas on Discursus of Political Parties ČSSD and ODS about the Entry to the Eurozone Between the Years 2010 - 2012
Müller, Lukáš ; Kasáková, Zuzana (advisor) ; Svoboda, Karel (referee)
1 Abstract This essay is about the theory of optimal currency areas (OCA) and its reflection in public discussion of two biggest political parties in Czech Republic - ODS and ČSSD, about Czech Republic entering the European Monetary Union (EMU). Although EMU hadn't met the criteria of OCA before the examined period, both parties entered the elections in May 2010 with more or less pro-european program despite decreasing support of eurozone in Czech public opinion. ČSSD, as well as ODS, only limitedly mentioned the OCA in their argumentation whereas they explained their attitude with other reasons. While ČSSD remained loyal to its pro European policy even after the election, ODS started diverting from their European agenda right after them. This process ended with their demand for referendum about the entry of Czech Republic to the Eurozone. Before the elections, Social Democrats were the ones to discuss this topic the most, but afterwards their rhetoric limited mostly to reactions to public statements and actions of ODS only.
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The Impact of Theory of Optimal Currency Areas on Discursus of Political Parties ČSSD and ODS about the Entry to the Eurozone Between the Years 2010 - 2012
Müller, Lukáš ; Kasáková, Zuzana (advisor) ; Svoboda, Karel (referee)
This essay is about the theory of optimal currency areas (OCA) and its reflection in public discussion of two biggest political parties in Czech Republic - ODS and ČSSD, about Czech Republic entering the European Monetary Union (EMU). Although EMU hadn't met the criteria of OCA before the examined period, both parties entered the elections in May 2010 with more or less pro-european program despite decreasing support of eurozone in Czech public opinion. While ČSSD only limitedly mentioned the OCA in their agumentation and explained their attitude with other reasons, ODS pointed out the heterogenity of EMU, which avoided the eurozone from efective dealing with assymetric economic shocks. While ČSSD remained loyal to its pro European policy even after the election, ODS started diverting from their European agenda right after them. This process ended with their demand for referendum about the entry of Czech Republic to the Eurozone. Before the elections, Social Democrats were the ones to discuss this topic the most, but afterwards their rhetoric limited mostly to reactions to public statements and actions of ODS only.
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Exploration of the jet stream in the civil air transport
Švec, Michal ; Imriš, Pavel (referee) ; Krška, Karel (advisor)
This master’s thesis deals with jet streams. The exploration part describes conditions of jet stream formation, its characteristics, classification on the geographical basis and phenomena attendant on the jet streams. It also contains a description of jet stream measurement methods and methods of its interpretation in aeronautical meteorological charts. Organization of aeronautical traffic in the north Atlantic region within reach of the jet streams is further described. Practical part of this thesis contains author’s own research which compares time and economical profitability of transatlantic flights planned according to the jet streams. The principle of this evaluation was based on assessment of real flights and flights via shortest possible routes. It was proven, that profits mentioned above are gained only in the oceanic parts of flights.
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The Eurozone Crisis from the Perspective of the Theory of Optimum Currency Areas
Sýkora, Filip ; Němcová, Ingeborg (advisor) ; Žamberský, Pavel (referee)
The goal of this diploma thesis is to examine whether the theory of Optimum Currency Area (OCA) confirms the view that the economies of southern and northern member states of the European Economic and Monetary Union (EMU) display different economic characteristics. The thesis strives to answer whether a hypothetical separation of current EMU into two separate monetary blocks makes sense from the perspective of the theory of OCA. First, the thesis examines the evolution of the theory of OCA with a special focus on suggested criteria and their usefulness for the analysis of hypothetical break-up of EMU. These criteria are subsequently divided into economic and political criteria and into centrally fulfilled and separately fulfilled criteria. The thesis then examines how the member states of the EMU cope with the proposed criteria.
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Sources of Asymmetric Shocks: The Exchange Rate or Other Culprits?
Skořepa, Michal ; Komárek, Luboš
We analyze and quantify the determinants of asymmetric shocks showing up in the form of medium-term real exchange rate (RER) changes. First, we discuss sources of asymmetric shocks causing exchange rate variability and the role of the RER as a shock generator. Second, we use data for 21 advanced and late-transition economies to gauge the extent to which medium-term bilateral real exchange rate variability can be explained by various fundamental factors. Using Bayesian model averaging, we find that out of 22 factors under consideration, four types of dissimilarities within a given pair of economies are likely to be included in the true model: dissimilarities as regards (i) financial development, (ii) per capita income growth, (iii) central bank independence, and (iv) the structure of the economy. A regression based on these four factors indicates that these factors explain about one third of the behavior of the three-year RER variability for the whole sample and almost half of the behavior of the three-year RER variability for the RERs involving specifically the euro. The remaining part of the total variability represents an estimate of the influence of the exchange rate market itself (together with the influence of fundamental price level or nominal exchange rate determinants not captured by the regressors used).
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Entry of the Czech Republic into EMU ? Readiness, Risk
Šušlík, Michal ; Žamberský, Pavel (advisor) ; Adámková, Vlasta (referee)
Cílem práce je zhodnotit schopnost České republiky nést dlouhodobé náklady související s členstvím v měnové unii. Riziko ztráty vlastní monetární politiky je analyzováno z hlediska kritérií teorie optimálních měnových oblastí. Práce se zabývá také otázkou vývoje inflace po uzavření kurzového konvergenčního kanálu. To vše je doplněno stručným shrnutím vývoje měnové integrace v západní Evropě a přímých i nepřímých přínosů přijetí jednotné měny.
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The entry of The Czech republic into the EMU - perspektive and membership qualification
Daňhelová, Michaela ; Žamberský, Pavel (advisor) ; Šaroch, Stanislav (referee)
The main aim of this bachelor thesis is to evaluate the situation in the Czech republic from different points of view. At the beginning of the essay I write about the Theory of Optimal Currency Areas because it is connected with the topic very closely. But the central point of the thesis is the second chapter, where is described the evaluation of the situation in our state and his comparison with other member states or euroarea. Firstly, I devote to opinions of Czech inhabitants about the task of acceptation euro. Then I pay attention to the Maastricht criteria. Their performance is necessary for becoming a member of the EMU. Other important criteria are so called real convergence criteria. The last part of the chapter describes the "českolipská" criteria, suggested by Václav Klaus, which answer the following question: "When is it advantageous for the Czech republic to become a member of the EMU?" At the end are added the advantages and disadvantages connected with membership in The EMU.
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