The Role of German Economic Policy in Shaping European Union and Eurozone
|Author:||Mgr. Martin Šimunek|
|Year:||2014 - summer|
|Leaders:|| prof. Ing. Oldřich Dědek CSc.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||The thesis complexly assesses the role of Germany in present European Union and Eurozone,
especially its influence and responsibility on the formation of the macroeconomic imbalances before
the Eurozone crisis, as well as its resolution. The crisis is caused by a divergence in unit labour costs
between member countries, and the thesis aims to evaluate the effect of applied austerity measures
in the debtor countries on the adjustment of said unit labour costs divergence. It explores additional
policy options available as well.