The aim of the submitted thesis is macroeconomic analysis, comparison and evaluation of nominal and real convergence of the Visegrad Group states with EU-15 states. By the help of regression model, one can state that in years 2004--2008 countries of V4 reached Beta - convergence with EU-15. However, this did not hold for the critical period in 2008--2012 when mainly Hungary lagged behind. There was proved a positive relationship between real and nominal convergence wherewith Balassa-Samuelson Effect for EU states was confirmed. The Czech Republic has always shown a lower nominal value than it would correspond to its GDP per capita, still it approximated to regression line over time. Other V4 states registered inverse course. During period 2004--2012, the Czech Republic performed Maastricht conver-gence criteria best from V4 states. Contrariwise, Hungary had the worst position of the ob-served period.

This work is aimed to determine whether the Czech Republic is ready to enter to the third stage of European economic and monetary union which is associated with the adoption of the euro, and that regarding the fulfillment of the formal entry criteria and also in terms of alignment of the Czech economy with the rest of the eurozone. On that basis evaluate whether it is advantageous for the country to adopt the euro. The first part introduces the different stages of regional integration, as well as the theory of optimum currency areas and economic governance in the European Union. The second chapter is devoted to evaluate the readiness of the Czech Republic to join the euro zone from three perspectives. First, fulfillment of nominal convergence criteria is evaluated. Real convergence and macroeconomic imbalances within the euro area are assessed using cluster analysis. The second approach is to analyze whether EMU constitute an optimal currency area. At the end the experience, of three countries of the eastern enlargement, with changeover to a common currency are presented.

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.

The aim of this thesis is to assess, whether the Czech Republic, Hungary and Poland are ready to adopt the euro. The thesis consists of three main parts. The first part describes the history of the European Monetary Union. The second part focuses on the development of Czech, Hungarian and Polish economy in the years after transformation to a market economy. The last part deals with the Maastricht Convergence Criteria and Real Convergence Criteria, whereas also attempts to assess their actual fulfillment in the Czech Republic, Hungary and Poland.

The thesis deals with the readiness of the Czech Republic to adopt Euro from nominal as well as from real criterions point of view. Theory of optimum currency area is introduced in the first part of the thesis. In the second part the particular criterions are analyzed on example of the Czech Republic. In last part the most important consequences related to Euro adoption are examined.

This Thesis deals with the convergence of European states and identifies the influence of the European union enlargement in 2014 on the course of convergence. Both real and price convergences are analyzed by using beta convergence and sigma convergence concepts. The Balassa Samuelson effect is tested as well. The Balassa Samuelson effect explains the existence of price convergence and also indicates the relationship between real and price variables. The existence of real and price convergence was verified for the whole period from 1995 to 2013. During 2004 the integration of European states was strengthened, which was significant for real convergence because the speed of convergence was positively influenced. As for the price convergence, the year 2004 was insignificant as the break point. Despite a similar course of both convergences, price convergence was more affected by the crisis in 2008. The presence of Balassa Samuelson effect was confirmed. Despite the complications during intensity measurement, caused by problematic dividing into tradable and non tradable sectors, corresponding values are realistic.

The aim of this thesis is to define nominal and real convergence within the area of the European Union and to assess its development on the example of the Czech and Slovak Republics. This dissertation is divided into three integrated sections. The theoretical part analyses basic economic concepts related to the issue of convergence and stability of joint economic units. The topics covered include the Maastricht criteria, their relevance, currentness and possible conflict between nominal and real convergence with the accession of new countries, then the theory of optimum currency area (OCA), theory of endogeneity and exogeneity and the linkage on fiscal policy and fiscal discipline in the environment of the European Union and the eurozone. Special attention is focused on the development of fiscal policy following from the establishment of the Stability and Growth Pact, including its reforms and recent changes in the form of the Euro Plus Pact and the Fiscal Convention. To satisfy the need for quantitative evaluation of given hypotheses, the second (empirical and analytical) part offers two self-constructed indices - the index of real convergence and fiscal discipline index. Based on these indices, relationship between the performance criteria of nominal and the real economy is monitored in the evaluated cohort. The last part of this work is dedicated to synthesis and application of findings from the previous sections upon which conclusions and recommendations for possible entry of the Czech Republic into the euro area are made.

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.

The aim of the thesis is to assess the economy of Spain and its position in the European Union. The European integration processes significantly influenced the development of democracy in Spain as a member state of EU. The period after Franco regime would last undoubtedly much longer and it would grow less dynamically without these processes. The influence of EU affected not only the Spanish economy, but also the current position of Spanish monarchy in Europe and in the whole world. The thesis is structured in three main parts. To be able to assess the Spanish economy during its membership in the EU, it is essential to study the procedures of negotiations between the candidate country and the Community. That is the reason why the first part is engaged in the pre-entry phase. The second part examines in detail the development of the economy after the reintroduction of democracy in the country. It deals mainly with the macroeconomic tendencies, their causes together with consequences. The progress concerns the economic situation in Spain before the entry to the Community, in the second half of eighties, as well as during the nineties. The thesis does not forget to be engaged in the current situation in the new millennium and it also outlines the possible development in the following years. The last part is devoted to the position and the influence of Spain on the main integration directions in the European Union. The coherence and the extent of evaluation can be considered one of the benefits of this work. The thesis introduces the complex view of the Spanish economy since the entry to the EU. It also deals with possible following tendencies. The understanding of the development is facilitated by a large number of graphs and tables, which help to outline the essence of the topic.

This graduation thesis is concerned with the Czech Republic's readiness for the entry to the euro area. Our Republic engaged to adopt shared euro currency already before the single admission to the European union, therefore it is not suitable to research, whether the Czech Republic should adopt euro or not, but when this step will be the most appropriate to render. The introductory part of the theses describes the history of the European monetary integration and the Stability and Growth Pact as an important instrument of the budget branch adherence. The theoretical part of the thesis focuses on the theory of optimal monetary areas, which is closely associated with monetary integration. Analytical section examines the rate of nominal and real approximation of Czech economy to the euro area's economies. I deal thoroughly with the fulfilment of convergence criteria and on the basis of GDP growth rate I analyse the real convergence. I solve the current influence of Greece's problems on the admission of euro in the Czech Republic and the Slovak macroeconomic experience with the entry to the euro area.