Work detail

The impact of the Euro on German economy

Author: Mgr. Viliam Krották
Year: 2017 - winter
Leaders: prof. Ing. Oldřich Dědek CSc.
Work type: Finance, Financial Markets and Banking
Language: English
Pages: 66
Awards and prizes:
Abstract: This master thesis analyses the impact of the euro on the German economy. The
research is conducted through the examination of German export, GDP level, and
labor market. It is also supplemented with the evaluation of the past, current and future
stages of the Eurozone. The thesis provides a detailed theoretical background, which
explains the motivation for the creation of a common currency. As a tool to prove the
validity of my hypotheses I use the synthetic control method, where I model a
hypothetical case, in which Germany did not adopt the euro. The validity of my results
will be tested by using the confidence intervals and comparing the RMSPE ratio. By
using this unique approach, I aim to contribute to the series of academic papers about
the validity of the euro. In my research I have come to the conclusion, that the euro
has positively influenced Germany’s economy.




Patria Finance
Česká Spořitelna