Analysis of the advantages and disadvantages of adopting the euro in the Czech Republic

The submitted diploma thesis describes and evaluates selected aspects of adopting the euro in the Czech Republic that membership in the Euro area brings. The analytical part focuses on history which preceded the formation of the euro up to its introduction. Following is a description of the European Central Bank and its activities and organs. This part focuses on the relationship between Czech Republic and the euro which includes the historical events associated with the adoption of the euro in the Czech Republic and especially the National euro changeover plan. The practical part analyses the document entitled Study of the euro introduction impact on the economy of the Czech republic published in 2007, which involves applying the then ideas and opinions of authors to current time, which is greatly influenced by the economic recession, comparing these opinions and thoughts not only with their opponents but especially with the situation in the Slovak Republic, which is already for more than 7 years a member of the Euro area and therefore has a lot of experience with the euro. The second part of the practical part is dedicated to selected aspects of adopting the euro in the Czech Republic which appeared after 2007, after the study was published. The chapter Results and Discussion contains a personal opinion and recommendations of the author. The conclusion is dedicated to a summary of the collected information and the evaluation of these informatio