Maastricht convergence criteria and their fulfillment by the Czech Republic

Fulfillment of Maastricht criteria is essential in order to enter Eurozone which currently consists of 18 member states. The main objective of this thesis is to assess preparedness of the Czech Republic for adopting common European currency. The thesis is divided into three chapters. The first chapter describes development of monetary integration in Europe and nominal and real convergence criteria. In the second chapter, some thoughts about the possible impact of adopting euro by the Czech Republic are provided. The subject of last chapter is the analysis itself of fulfillment of Maastricht convergence criteria by the Czech Republic through the period from 2010 to 2016. In addition, this chapter describes economic alignment of the Czech Republic with the Eurozone and the acceptance of euro by the Czech Republic