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Euro and the Czech Republic - the benefits and pitfalls of the euro currency
Snopek, Ondřej ; Bažantová, Ilona (advisor) ; Dupáková, Lenka (referee)
Euro and the Czech Republic - the benefits and pitfalls of the euro currency Abstract The thesis focuses on possible benefits, hazards and costs which could rise up from the entrance of Czech Republic to the Euro Zone and implementation of euro currency. The aims of the thesis are as follows: to acquaint the reader with the history of the monetary and economical integration in the Europe after the second world war to the present time; present the criteria of the nominal and real convergence used to determinate the level of convergence between states, assess the level of convergence reached by the Czech Republic in relation to the Euro Zone; and present the possible benefits hazards and costs of the introduction of the euro. To achieve the abovementioned aims, the method of analysis, synthesis, comparison and description was used. The content of the thesis is divided to five major chapters. The first chapter contains the history of the monetary and economic integration in Europe after the second world war starting with the establishment of the Council of Europe up to the acceptance of the Maastricht Treaty, establishment of the monetary and economic union - the Euro Zone and introduction of the euro in its member states. The second chapter introduces the nominal convergence criteria defined by the...
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France: Economic Evolution and the Position in the European Union
Jemelíková, Adéla ; Neumann, Pavel (advisor) ; Bič, Josef (referee)
This thesis analyses economic and political situation of France and its position during the evolution of the European integration process. The first chapter focuses on the role of France in the European integration process from its beginnings to the present. The second chapter discusses the current position of France in the EU and its attitude to reforms which address the issue of the euro zone debt crisis. The third chapter concentrates on the macroeconomic analysis of France from the perspective of the most important macroeconomic indicators and it also compares France with other EU countries.
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The Change of Monetary Policy of the ECB during the Financial and Sovereign Debt Crisis
Zábražná, Adela ; Bič, Josef (advisor) ; Karpová, Eva (referee)
The thesis analyses the change of monetary policy of the European central bank during financial and sovereign debt crisis. Main focus of the thesis is given on the analysis of non-standard measures of monetary policy of the ECB. This thesis explains in detail how the ECB has responded to the various phases of the financial and debt crisis, starting with the period of financial turmoil, continuing with the intensification of the financial crisis and the sovereign debt crisis. Finally, the thesis compares these phases and assesses the impact of these non-standard measures.
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Greek debt crisis and its impact on EU
Štefková, Veronika ; Hnát, Pavel (advisor) ; Vrňáková, Irena (referee)
Greece joined EU in 1981 and became a member of the European Monetary Union in 2001. With its budget deficit and government debt, which do not comply with the Maastricht criteria for a long time, Greece belongs to the weakest members of EU. The impact of the global financial crisis, combined with structural weaknesses of the national economy, which significantly reduces its competitiveness, occurred in Greece in 2009. At this time pressure on international financial markets, the Greek government bonds, and the common European currency, was intensified. Greek bond rating has gradually dropped to the junk level and the interest rate of bonds has exceeded the acceptable limit. Concerns about possible default followed.
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