Analysis of long-term development of the exchange rate policy of the Czech Republic

The aim of this bachelor thesis is to analyze a long-term development of the exchange rate policy of the Czech Republic. The first part considers definitions of exchange rate regimes and its application, advantages, risks and role of the central bank which controls the exchange rate policy. The next three parts are dealing with the history of the Czechoslovak crown and then of the Czech crown until the year 2004, when Czech Republic joined the European Union. The last part considers planned entry of the Czech Republic in the euro area. The level of preparedness for entry is considered by success in compliance with the Maastricht criteria