According to the results of the International Comparison Project, based on exchange rates and prices recorded in 1996, prices in the Czech Republic (CR) were markedly lower than prices charged for many comparable products and services in the European Union. This observation led some commentators...

As a consequence of the new regionalism a marked increase in the number of regional groupings can be observed which makes the preferential relations between states even more complicated and complex. One of such complex relationships, which did not come to being during the third wave of...

Jednou z možností sledování tvaru otevřenosti ekonomiky je provádění analýzy komoditní struktury zahraničního obchodu. Cílem předkládaného článku je pomocí statistických dat nastínit změny, ke kterým docházelo v komoditní struktuře dovozu, resp. vývozu ČR v letech...

Doložka najvyšších výhod (DNV) je dôležitým inštitútom medzinárodného obchodu. DNV zaväzuje štát rozšíriť obchodné výhody, ktoré poskytol inému štátu, ostatným štátom. DNV má niekoľko foriem. Poznáme nepodmienečnú DNV a DNV podmienenú reciprocitou. Hlavnou...

The economic development points out the importance of the development study of sectors and branches of economics, because they can deepen or moderate volatility of the economic cycle. The article aims at mapping the rate of unemployment in the primary, secondary and tertiary sector in the Czech...

This paper surveys recent literature on real business cycles in open economies. It focuses on the empirical regularities of international macroeconomic fluctuations and provides a short discussion of the differences between the stylized facts of business cycles in advanced and in developing...

The authors contend that the theory of optimum currency areas (OCA) provides a useful framework for discussions of monetary integration. The authors summarize the historical development of monetary integration and discuss possible future development. Theoretical issues, such as those raised in...

We consider two markets in our model: wholesale, where producers' supply interacts with distributors' demand, and retail with distributors' supply and consumers' demand. The wholesale market determines the producer price index (PPI), production and indirectly also employment. In the retail...

Paul de Grauwe and Paul Krugman are two of the most significant economists who are interested in single currency influence on the economic cycle. In our paper we try to show that a complex view of argumentation of both the economists i.e. (from both the views of the individual countries and the...