Master's Thesis

A Critical Analysis of Eurozone Expansion Possibilities

Final Thesis 1.83 MB

Author of thesis: Ing. Dominik Antal

Acad. year: 2013/2014

Supervisor: prof. Ing. et Ing. Stanislav Škapa, Ph.D.

Reviewer: Ing. Kristína Sághy Estélyi, Ph.D.

Abstract:

Dissertation thesis focuses on a critical analysis of expansion of the European Monetary Union – the Eurozone, with emphasis on which economies are suitable potential candidates to join and the conditions of integration, for macro economic benefit of the monetary union. The diploma thesis takes into account the perceiving of the Eurozone from the level of member state economies, the Eurozone and the EU as a whole, and also from the macro economic viewpoint of the global economy. The thesis intends to serve as a vehicle for economic decision-making for the European Union, focuses on rational consideration of options under the authority of and suggestions for development in the future.

Keywords:

Asymmetric Shock, Central Bank, Currency, Euro, European Union, Integration, Monetary Policy

Date of defence

18.09.2014

Result of the defence

Defended (thesis was successfully defended)

znamkaCznamka

Grading

C

Process of defence

Supervisor question - answered doc. Zinecker: What are the main topics discused about eurozone and its expansion? doc. Zinecker: Do you know about position of big companies, for example Sweden.

Language of thesis

English

Faculty

Fakulta podnikatelská

Department

Institute of Economics

Study programme

Economics and Management (MGR-EBF)

Field of study

European Business and Finance (MGR-EBF)

Composition of Committee

prof. Ing. Petr Dostál, CSc. (předseda)
doc. PhDr. Iveta Šimberová, Ph.D. (místopředseda)
prof. Ing. Marek Zinecker, Ph.D. (člen)
doc. Ing. Vít Chlebovský, Ph.D. (člen)
Ing. Lenka Širáňová, Ph.D. (člen)

Supervisor’s report
prof. Ing. et Ing. Stanislav Škapa, Ph.D.

Questions:
Author of diploma work suggested a list of proposals for Eurozone expansion, which  proposals are more important than others and why?
Could author evaluate cost for addopting Euro for a new member Eurozone country?
Evaluation criteria Grade
Splnění stanovených cílů C
Zvolený postup řešení, adekvátnost použitých metod B
Schopnost interpretovat dosažené výsledky a vyvozovat z nich závěry C
Praktická využitelnost výsledků C
Uspořádání práce, formální náležitosti, použitá terminologie a odborná jazyková úroveň B
Práce s informačními zdroji, včetně citací B

Grade proposed by supervisor: C

Reviewer’s report
Ing. Kristína Sághy Estélyi, Ph.D.

Evaluation criteria Verbal classification Grade
Splnění stanovených cílů The thesis has its aim formulated as "...to provide valuable proposals on the ongoing internationalization and integration of the European Economic Area, that are indented as framework for decision making from the point of view of European Union´s governing bodies". From my point of view, the proposals concerning the current processes of internationalization and integration efforts lack clear formulation and critical evaluation and thus the author has fulfilled the aim of the thesis just partially. C
Zvolený postup řešení, adekvátnost použitých metod B
Schopnost interpretovat dosažené výsledky a vyvozovat z nich závěry The autor has used a substantial body of literature to introduce currency union with an accent on the European Monetary Union, the advantages and disadvantages of using a common currency and the potential Eurozone candidates. However, the results of literature review do not reflect the scale and depth of the acquired information, which, from my point of view, could have been exploited more thoroughly within the process of proposal formulation and critical analysis. D
Praktická využitelnost výsledků According to the aim of the thesis, it should bring proposals that create a "framework for decision making from the point of view of European Union´s governing bodies". The author puts an accent on examples from the history and the present of common currency usage, while the critical analysis of the possible ways of Eurozone enlargement remains in the background. From my point of view, the way the proposals of the thesis are presented is not suitable so that they could be utilized in the processes specified in the aim. D
Struktura práce, použitá terminologie a odborná jazyková úroveň C
Práce s informačními zdroji B

Grade proposed by reviewer: C

Responsibility: Mgr. et Mgr. Hana Odstrčilová