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Convergence of the Czech Republic to the European Union
Pešková, Jana ; Kučerová, Irah (advisor) ; Černoch, Jakub (referee)
This thesis deals with an analysis of the convergence of the Czech Republic to the first fifteen member states of the European Union. The aim of this thesis is to evaluate different types of resources that are available for the Czech Republic from the European Union and if and to what extent the development levels of the Czech Republic and the EU 15 countries come closer. The first part of this thesis describes resources provided by the European Union to its member states and funds used to their allocation. The second part focuses on drawing of these resources by the Czech Republic. Specifically, the amount of resources allocated to the Czech Republic is described and the ability of the Czech Republic to use them is analyzed. The third part, core of this work, concentrates on an analysis of several fundamental development indicators. Main indicators of both nominal and real convergence are evaluated, as well as the Human Development Index. These indicators are applied on both the Czech Republic and the EU 15 countries, they are compared and the level of the convergence between the two units is evaluated. Powered by TCPDF (www.tcpdf.org)
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The Convergence Process of the Czech Republic to the Federal Republic of Germany in the years 1993-2015
Křížek, David ; Vostrovská, Zdenka (advisor) ; Ševčíková, Michaela (referee)
This diploma thesis is focuses on the Czech Republic's convergence to the Federal Republic of Germany. Both nominal and real convergences on selected indicators for the period from 1993 to 2015 are examined. Firstly, a part of the convergence of the issue, its theoretical concepts and the concepts that can be used to explore this process are devoted. The necessary political, historical and economic contexts are provided which enable the Czech Republic to position itself in relation to the Federal Republic of Germany. Subsequently, the thesis deals directly with analysis of time series. Nominal convergence is judged by the Maastricht criteria, namely the harmonized index of consumer prices and the value of long-term interest rates. Real convergence is then analyzed using the GDP indicator. The last part of this work is focused on testing beta and sigma convergence hypothesis. It is thus proven that the Czech Republic's convergence towards the Federal Republic is ongoing, but it is strongly influenced by economic cycles and other shocks to the national economy.
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Convergence of the Czech Republic to the European Union
Pešková, Jana ; Kučerová, Irah (advisor) ; Černoch, Jakub (referee)
This thesis deals with an analysis of the convergence of the Czech Republic to the first fifteen member states of the European Union. The aim of this thesis is to evaluate different types of resources that are available for the Czech Republic from the European Union and if and to what extent the development levels of the Czech Republic and the EU 15 countries come closer. The first part of this thesis describes resources provided by the European Union to its member states and funds used to their allocation. The second part focuses on drawing of these resources by the Czech Republic. Specifically, the amount of resources allocated to the Czech Republic is described and the ability of the Czech Republic to use them is analyzed. The third part, core of this work, concentrates on an analysis of several fundamental development indicators. Main indicators of both nominal and real convergence are evaluated, as well as the Human Development Index. These indicators are applied on both the Czech Republic and the EU 15 countries, they are compared and the level of the convergence between the two units is evaluated. Powered by TCPDF (www.tcpdf.org)
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Analysis of real and nominal convergence of the Visegrad Group in the years 2000-2015
Wikturna, Jan ; Strejček, Ivo (advisor) ; Zamrazilová, Eva (referee)
This Bachelor thesis is focused on a macroeconomic analysis of the process of the real and nominal convergence of the Visegrad Group countries to the old member states of the European Union, called EU-15 during the period of 2000-2015. The objective of the analysis is to confirm or disprove the hypothesis that in the selected period there is a convergence of the economically backward V4 countries with the advanced EU-15 countries and to highlight the factors that are behind the narrowing of the gap in economics and price levels. The theoretical part deals with the ways in which we measure and compare the economic performance and economic level, and explains the different approaches of the problem of economic growth and the subsequent catching up effect. The practical part is focused on a comparison of elected macroeconomic indicators and reference is made to the selected factors to determine whether, and for what reasons, the economic convergence of these selected countries made towards the developed countries of the EU-15. The analytical part confirms the ongoing process of the real and nominal convergence throughout the period, but its course is varied during different times of the period. In conclusion, it is found that the rate varied by the convergence processes and in fact positively affected the V4 countries, that joined the European Union. The incoming dynamics of the convergence, especially the prices, were significantly disrupted by the economic crisis.
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Analysis of readiness of the Czech Republic for entry into the Eurozone
Skála, Martin ; Pavelka, Tomáš (advisor) ; Krameš, Jaroslav (referee)
The aim of this thesis is to analyze readiness of the Czech Republic for accession to the European Monetary Union. Although we celebrated 12th anniversary of our membership in the European Union, the Czech government still has not set a date of entrance to the Eurozone. The theoretical part of my thesis focuses on analysis of fulfillment of Maastricht criteria, which had to be fulfilled by each candidate country for membership in the currency union. In the practical part of this thesis I will evaluate the macroeconomics impacts of adapting the common European currency in new member countries. In conclusion, I will try to outline benefits and costs of membership of the Czech Republic in the Eurozone.
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The process of real and nominal convergence in the Czech republic
Šulc, Vojtěch ; Nečadová, Marta (advisor) ; Kulbakov, Nikolay (referee)
The aim of the thesis is to analyze the process of nominal and real convergence of the Czech Republic to the average of the European Union (EU-27). The text uses comparison with other european transition economies (Slovakia, Hungary, Poland and Slovenia). The thesis consists of an analysis of the progress of real GDP per capita, comparative price level, labor productivity, employment, labor costs and other indicators. Other topics such as alternative indicators of economical convergence or the accession of the Czech republic into the euro-zone are discussed.
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Comparison of economic development of Slovakia and Estonia before and after the entry into euro zone
Racochová, Kristýna ; Černá, Iveta (advisor) ; Taušer, Josef (referee)
The subject of thesis the Comparison of economic development of Slovakia and Estonia before and after the entry into euro zone, is a comprehensive analysis of the economic development of Estonia and Slovakia throughout the course of the integration process in the euro zone from 2004 to 2011. The first chapter reviews the theoretical bases of the work and discussed the theoretical bases of the processes of nominal and real convergence. In the introductory part is defined the concept of nominal convergence in the context of monetary integration and introduce each of the Maastricht criteria and its own set of macroeconomic indicators, on the bases of which ought to the development of Estonia and Slovakia in the analytical part of the work. The second part of the work is focused on the evaluation of the development of nominal and real convergence of the Estonia and Slovak economy to the states of the euro area and with each other on the basis of the development of selected indicators. The third part of the work deals with the final summary and comparison economic development ongoing nominal and real convergence in Estonia and Slovakia and assessment of the decision the timing of entry Estonia and Slovakia into the euro area.
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The process of preparation for the entry into the euro area
Hanzlíček, David ; Melcher, Ota (advisor) ; Pavlík, Zdeněk (referee)
The bachelor's theses "The process of preparation for the entry into the euro area" is dedicated to the czech accession into the euro area. The first chapter describes the history of monetary union from 1958 till now. Next chapter is focused on the legal obligation which is embedded in the Maastricht Treaty. The third chapter evaluates the current situation of fulfilment of nominal convergence criteria by Czech republic. The fourth chapter analyses the real convergence of czech economy according to criteria which were derrived from theory of optimum currency areas. The last chapter tries to explain why is the czech economy stagnating in the context of real convergence.
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Monetary policy of ČNB and prospects of euro adoption
Hojková, Tereza ; Koderová, Jitka (advisor) ; Petrušová, Martina (referee)
The thesis "Monetary policy of ČNB and prospects of euro adoption" focuses on assessment of current monetary policy of the Czech National Bank its role in the process of preparation for the adoption of the single European currency and the Czech Republic's preparations for joining the European Monetary Union. The second part deals with the monetary policy of the Czech National Bank in connection with the entry into the European Monetary Union and its alignment with the monetary policy of the European Central Bank. The third section examines the impact of financial crisis on the monetary policy of the Czech National Bank, and development of economy of the Czech Republic in comparison with the European Monetary Union.
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The monetary policy of the Czech national bank and the prospects of euro adoption
Kobzová, Tereza ; Koderová, Jitka (advisor) ; Osička, Štěpán (referee)
The aim of this thesis, thats title is "The monetary policy of the Czech national bank and the prospects of euro adoption. Meeting the Maastricht monetary criteria and possible complications.", is answer the question whether the Czech Republic is ready now to adopt the common european currency (euro) or not. This thesis is divided into three parts. The first part pays attention to the monetary policy of the Czech national bank in connection with the entrance of the Czech Republic into the euro area and other parts deal with the convergence of the Czech Republic to the euro area. The second part discusses the convergence from the perspective of meeting the Maastricht monetary criteria and the third part deals with the real convergence. My conclusion is that the Czech Republic is not ready now to adopt euro and should wait with the adoption of a common european currency till the moment when is prepared better.
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