Je měnová politika ECB vhodná pro všechny státy eurozóny?

The theoretical part of this thesis is devoted to the position, goals and tools used by the European Central Bank, which is bound with the development of monetary policy influenced by the time period starting with foundation of the EU central bank to current days, full of problems with eurozone. The main aim of this thesis is to prove whether the EU central bank monetary policy is suitable for all eurozone countries or just some of them. The main tool for the analysis is the optimum currency area theory, which compares the inflation of countries which are members of eurozone, with the monetary policy of the European Central Bank. The results confirm that in the long term, the inflation in eurozone countries which are currently in major economic problems substantially differ from the average inflation of the eurozone. From results of the analysis it is obvious that there is no convergence in inflation. Convergence in inflation is an important condition when creating an optimal currency area. Because of its absence the next statement can not be true. A common monetary policy for all countries of the eurozone is not always optimal.