Does the currency changeover to euro rise prices? An experimental study from Czech Republic.

Informace o vysokoškolské kvalifikační práci

Název práce:
Does the currency changeover to euro rise prices? An experimental study from Czech Republic.
Autor práce:
Bohumínský, Roman
Typ práce:
Diplomová práce / info:eu-repo/semantics/masterThesis
Vedoucí práce:
van Koten, Silvester
Osoba oponující práci:
Zajíček, Miroslav
Jazyk práce:
In the euro area, the changeover to the euro was accompanied by fears of increases in prices by consumers. However, in most countries the changeover had barely any effect on inflation indices, but a significant effect on perceived inflation and even now people still believe that the price increase was more dramatic than it was in reality. This paper examines the situation in the Czech Republic, being one of the last countries in the EU which have not adapted the euro yet. I am especially interested in finding whether a changeover would lead to price increases even though Czech citizens have got plenty of time to indirectly familiarize with the euro currency. The analysis is based on a laboratory experiment. With this method I am studying the effects of transition to euro on consumer behavior. In addition, I compare the results (indirectly) with those of other European countries. Under the framework of posted price experiment, it can be concluded that, in the particular sample, the changeover to euro currency does in fact affect the outcome of trade at least temporarily. In this case, the changeover from CZK to EUR leads to elevation of prices and reduction of the traded quantities, especially right after the changeover. The main reason for this is that the producers (sellers) tried to exploit the changeover situation in order to increase their profits. All the presented results are significant at 5% level.
Klíčová slova:
Euro cash changeover; Euro area; Perceived inflation

Informace o studiu

Studijní program a Studijní obor:
Ekonomie a hospodářská správa/Hospodářská politika
Typ studijního programu:
Magisterský navazující studijní program
Jméno přidělované hodnosti:
Instituce přidělující hodnost:
University of Economics, Prague
Název fakulty:
Faculty of Economics
Název katedry:
Institutional, Environmental and Experimental Economics
Instituce archivující a zpřístupňující VŠKP:
University of Economics, Prague

Informace o odevzdání a obhajobě

Datum zadání práce:
1. 1. 2015
Datum podání práce:
22. 5. 2015
Datum obhajoby:

Soubory ke stažení

Hlavní práce:
50877_xbohr00.pdf [1,41 MB]
43160_zajicekm.pdf [475,49 kB]
Hodnocení vedoucího:
50877_kots01.pdf [150,65 kB]

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