This thesis operates with the Endogenous Optimum Currency Area theory. It tests the main assumption of the endogenous theory by applying correlation and regression analysis on selected EU Member States. It compares correlation of economic cycles of selected states with the Eurozone over time along with testing significance of particular correlation factors. The results note significant synchronization of economic cycles during the economic crisis of 2008 as well as important desynchronization after 2013. As far as correlation factors are concerned statistical significance of Bilateral Trade Intensity, Intra-Industry Trade and Fiscal Differences Index on correlation of economic cycles is confirmed. However, the endogenous OCA hypothesis could not be unambiguously confirmed due to important European synchronization trend throughout the economic crisis that impacted large part of the results. Based on significant synchronization of European economies during economic crisis application of common monetary policy during this period can be recommended.

Master's Thesis deals with currency risk influence on particular bussiness company. The target is based on suggestion of particular measures for risk hedging. Information is gained directly from accounting and from the author's knowledge about the company. Influence of risk is studied primarily separately in relation with gross frofit a nd then in relation with net profit of the firm. Suggestions for currency risk hedging come from the requirements of shareholders, who expect the maximal elimination of the currency risks. For currency risk management were proposed two variants: currency swap and Bull Spread option strategy, which were then theoreticaly rated.

The thesis deals with monetary policy in the Czech Republic and its significance. The first theoretical part is focused on the central banking tools Czech National Bank, which used to promote the economy and the theoretical foundations of business banking. The practical part includes the options of project financing through bank products in a particular case, and choosing a suitable version for the client according to selected parameters.

The thesis deals with monetary policy in the Czech Republic and its significance. The first theoretical part is focused on the central banking tools Czech National Bank, which used to promote the economy and the theoretical foundations of business banking. The practical part includes the options of project financing through bank products in a particular case, and choosing a suitable version for the client according to selected parameters.

Thesis "The use of currency futures in the business in terms of CR" deals with financial derivatives. Defines the various types of derivatives, their history and development of currency futures and forward contracts in the CR and in the world. Another part is devoted to the use of currency futures and forwards in the business in the Czech Republic. The thesis is to evaluate the evolution of exchange rates EUR/CZK and USD/CZK.

The thesis aims to explain different theoretical approaches to definition of deflation, categorize deflation, define positive and negative connotations typical for each economical school, define the role of monetary policy in relation to price stability and monetary instruments with an emphasis on unconventional. The last part applies theoretical knowledge on Swiss situation, describes the interventions between years 2009 and 2016 and presents their initially predicted and subsequently real, graphically illustrated impact on economy. The theoretical part of diploma concludes that mainstream economy perception is the most suitable for definition of deflation, therefore perceive it as a negative phenomenon and calls for elimination. Each step of SNB monetary policy was controversial. The author opens the question of the necessity of intervention from 2009, explains the reasons of SNB steps from 2011 and exit strategy from 2015. However, the author do not forget on negative connotations. In the final part, thesis outlines the most discussed topics raised by Swiss interventions and opens the topic of negative rates as unconventional monetary instrument.

Diplomová práce pojednává o problematice měnových opcí. Zaměřuje se na jejich charakteristiku, vlastnosti a metody oceňování. Dále jsou zde uvedeny některé opční strategie a též i nejdůležitější exotické opce.

This diploma paper describes the process of managing of exchange rate risk in an export company. At the beginning of the work there is short overview of the basic concepts of the exchange rate theory. The next part is focused on the determination of the exchange rate and on the basic methods of exchange rate prediction -- fundamental, technical and psychological analyses. These chapters are followed by the next steps in the process of the exchange rate risk managing with a view to the analyses of the firm's exchange exposition (especially to its quantification) and to instruments used to exchange rate hedging (especially to currency derivatives). In the end of the diploma paper there is a brief summary of development of the financial crises 2008/09 with reference to its influence on the exchange rate of the Czech crown to Euro.

The aim of this thesis is to analyze and assess the benefits and cosi resulting from the implementation of common currency in a small open economy in specific cases in chosen countries. The theoretical part is devoted to the monetary integration itself, its historical development in Europe anf the theory of optimum currency area. Attention will be focused also on the entry criteria of monetary union and the specifics of small open economies within the frame of monetary union. The analytical part evaluates and compares the readiness of chosen economies. Subsequently, the thesis deals with benefits and costs of monetary integration and their significance in a particular situation on the example of chosen countries. Individual benefits and costs will also be put into context with the crisis of monetary union. The results are discussed in conclusion.

The master thesis focuses on the influence of common European currency in Slovakia. Slovakia represents small transitive economy with high degree of openness and long-term experience from participation in common monetary union. The aim of the thesis is to analyse observed and potential benefits and costs that are emerging from adoption of common European currency in Slovakia. The analysis is based not only on quantified determinants, but also on the basis of observed alternative evaluation criteria, which are providing complex picture of macroeconomic development and performance of Slovak economy in comparison with other countries of Eurozone and European Union. Analyses that are used in the thesis are based on theoretical findings that are described in the first chapter. This chapter deals with criteria defined by the theory of optimal monetary unions, real convergence, but also with the most significant benefits and costs defined by the European Commission and economic theory. The thesis deals with the monetary politics in Slovakia before and after 2009 with focus on loss of autonomous monetary policy as the most significant cost of entry to European Monetary Union and also with analysis of the nominal convergence criteria that are needed to accept in case of adopting common European currency.