Dopady světové hospodářské krize na nominální konvergenci České republiky k eurozóně

Abstract

The aim of this thesis is to evaluate the analysis of effects of the current economic crisis on the nominal convergence of the Czech Republic to the Eurozone. For this evaluation are used theoretical findings about the economic crisis but also about the process of European monetary integration since the Maastricht Treaty. The current economic crisis, which projected itself mainly in the course of 2009, is already in decline according to economic indicators but its effects are still visible. The Eurozone is deeply affected by effects of the global economic crisis and threatened by indiscipline of its own members. Some member countries are directly threatened by their public debts and were forced to ask for financial assistance. This situation impairs the stability of the common European currency, and therefore there are several possible scenarios for future development, taking into account both the further enlargement of the Euro area, and its decay. The Czech Republic tries to comply with limits of five convergence criteria that have to be fulfilled for entry into the Eurozone. Currently, criteria are not fulfilled due to the impact of economic crisis and a date for Euro adoption cannot be set. Everything will now depend on future economic development.