Evaluation of Abilitiy of the Czech Republic to Adopt the Common European Currency

The aim of this thesis is to evaluate the ability of the Czech republic to join the euro area. It deals with the fulfilment of Maastricht convergence criteria and predition of their fulfilment in the near future. In this thesis an analysis of real convergence criteria is also included to indicate the alignment between economic levels of euro area and the Czech Repulic. One chapter is dedicated to the adaptation mechanisms that would help the Czech Republic when dealing with the external macroeconomic shocks. Finally, there is a short description of the whole process of adapting euro in the Czech Republic with the implementation of "Big Bang" scenario