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This diploma thesis focuses on the process of euro adoption in the Czech Republic and Slovakia. Regarding the time frame, it mainly covers a period of 2004-2014. Nevertheless in order to maximise plausibility of results, this thesis focuses on relevant moments beyond the above mentioned period as well. The main aim of this thesis is to analyse a variation in the relationship of both examined countries towards the process of European monetary integration. Whereas Slovakia joined the Eurozone in 2009, the Czech Republic has not fulfilled its obligation stemming from the EU membership yet. The secondary aim of this thesis is to verify the power of IR theories dealing with transfer of sovereignty on the supranational level. Thus, this paper strives to identify whether the constructivist or rationalist (for the purposes of this thesis represented by ideational liberalism and commercial liberalism / liberal intergovernmentalism) theoretic paradigm is more accurate in its attempt to explain the examined variation. In order to fulfil this aim, methods of difference and congruence are applied. However, each of these methods shows different results. According to the method of difference, an explanation based on commercial liberal / liberal intergovernmentalist logic of economic-materialistic consequences may...

This diploma thesis - The evolution of Great Britain's, Germany's and the Czech Republic's stance on the European monetary integration - analyses the development of approaches of the states mentioned above. It assesses the pros and cons of this process. The research is carried out in such a manner that after analyzing a rather pro-European and one rather anti-European stance a synthesis of approaches is done. As a result, a recommendation to join the euro is given to the Czech Republic.

In the beginning, the thesis opens a theme of creation and shaping of the European monetary system and passes on the conditions for the adoption of further states. The next chapter deals with the expectation of the Euro implementation and some reasonings, what changes might occur. The middle part is devoted to the relationship of the European Monetary Union and the Czech republic. There is a timetable for the introduction of the euro and its principles outlined here too. Important is also the view of other states and their experience in entering the eurozone. The last chapter describes the theoretical spheres of the changes for entrepreneurs and businesses, and these are then applied to a specific company in the Czech economy.