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The Convergence Process in the EMU and the Fulfilment of Maastricht Criteria
Mecová, Markéta ; Izák, Vratislav (advisor) ; Blažek, Petr (referee)
The content of this bachelor thesis is the issue of meeting Maastricht criteria as well as presenting the view of Mundell's theory of Optimum currency areas. The work is divided into three chapters. In the first chapter, I generally describe and define the convergence criteria one by one and I also characterize the theory of Optimum currency areas. Some economists argue that the European Union's monetary area meets the conditions and could be considered as Optimum currency area. On the contrary, some economists use this theory and claim that European monetary area will never be able to meet those conditions. The second chapter of the thesis analyses the fulfilment of quantitative convergence criteria of chosen countries that have made a commitment to become a member of the European Monetary Union in the future. The third chapter summarizes fiscal criteria of all twenty-seven Member States of the European Union.
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Possible impact of euro introduction on the Czech economy
Kačírková, Michaela ; Kalínská, Emílie (advisor) ; Čajka, Radek (referee)
The diploma thesis "Possible impact of euro introduction on the Czech economy". The first part of the thesis deal with common problems euro introduction in the Czech Republic. It attend to filling of the convergent criteria, nominal, real and others, then the choice of the scenario and schedule euro introduction. Main part of the thesis deal with the influence analysis of the single currency on the inflation, citizens, international trade and foreign direct investments. Second part focus on the way of the inflation measuring, factors which influence inflation or possible scenarios of the inflation development after euro introductoin, third part on the problems of the conversion coefficient and influences on the price relation and buing power a the fourth part on the expected effects of the euro introduction in international trade, concretely on the balance of goods and services, foreign direct investments and competitiveness. The last fifth part is focused on the future of the euro, how it sees significant world's economists.
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The theory of optimum currency area with application to the EU
Janíček, Jan ; Dočkal, Dalibor (advisor) ; Urban, Luděk (referee)
The goal of this work is to apply the theory of optimum currency areas in the euro area, and outline the positive and negative effects of monetary policy of the European Central Bank (ECB). Furthermore, it should highlight the benefits and risks arising from the entry of the Member States of the European Monetary Union (EMU) and the related macroeconomic implications. Start of work will be aimed at the theory of optimum currency area, which will be developed this issue from different angles, which is essential for the understanding of other contexts. Subsequently, work will be devoted to the European Union in terms of creation and development of the European Monetary Union and the ruling of the European Central Bank. The next section will explore the benefits and risks of the monetary union. In this context, the important concepts of transaction processing costs, exchange rates and costs of monetary union, but also increase inequality between richer and poorer regions, and others. In the final part of the work will focus on the macroeconomics effects of European monetary union, such as economic growth, inflation and unemployment.
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Actual problems eur introduction in CR
Kačírková, Michaela ; Kalínská, Emílie (advisor) ; Čajka, Radek (referee)
In the 1st part is the history of the idea of introduction single currency. In the 2nd part is the definition of the economic and currency unit. In the 3rd part are convergent criteria and in the 4th part is filling of the convergent criteria by CR. 5th part judge whole process of introduction single currrency including schedule and advantages and disadvantages or risk for receipt euro.
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Current questions of the Czech Republic's preparation for the entry to the Eurozone
Kolek, Martin ; Kalínská, Emílie (advisor) ; Čajka, Radek (referee)
The present work deals with problems of the euro acceptance as a single currency in the economic conditions of the Czech Republic. In the first chapter the history and development of currency systems anticipating the European Monetary Union is outlined with the focus on Western Europe. The second chapter characterises the European Economic and Monetary Union and describes the particular phases of its origin. In the third chapter it is analysed which of the 5 Maastricht criteria the Czech Republic fulfils. The fourth chapter evaluates the level of convergence between the Czech Republic and the Eurozone in the economic areas. This includes also technical, legislative and institutional aspects. The final part analyses the entire process of the euro implementation including scenario, principles and schedule of the successive steps. The advantages and disadvantages of this process are discussed and the present economic and political situation in Europe and the Czech Republic concerning the euro is evaluated.
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