Alternativní pohled na měnový systém EU: zkoumání pomocí dynamických SFC modelů

The dissertation examines and evaluates the monetary system, in particular the issue of the interdependence of money issue and debt. The aim of the thesis is to use the simulation SFC model to test the following alternative monetary and fiscal proposals, which are perceived as possible solutions to the EU debt crisis: austerity measures, higher taxation of the financial sector, monetary settings inspired by Bitcoin, the libertarian notion of fixed money supply and the absence of state and the so-called Vollgeld proposal. The examined hypotheses focus on the extent to which the system built according to the proposal, compared to the simulation of the current monetary system, is sustainable, how much fixed capital it produces, what standard of living it provides and how it contributes to the reduction of economic differences between the groups of population.The method of work is comparative systemic analysis using constructed SFC models for examining individual simulated systems. The equations of these models are based on the strict rules of double-entry accounting (subject to the methodology of Eurostat) and on the mix of theoretical approaches with emphasis on post-Keynesian and neoclassical economic theories. The simulation is made in the Minsky computer program that was built for that particular use. The hypothesis related to the economic differences between the groups of agents is tested by the method of analysis of variances.The author's contribution lays in the creation of tools that apply relatively new methods of SFC modelling to exploring a simulated economy that is designed more comprehensively and in detail, in addition to the use of various theoretical foundations. For instance, the traditionally post Keynesian basis of SFC models is supplemented by neoclassical optimization functions. Another contribution is the proposed mathematical solution outpacing the existing problem of inability to include past results in modelling of present decision-making in a dynamic model operating in a continuous time. This enables modelling of financial speculation. However, the main author's benefit is the use of SFC models to examine the setting of monetary systems, which has been a rather overlooked issue.The finding of the thesis is that the modelled simplified EU economy, governed by the current currency setting rules as entered in the model equations, is more sustainable and, according to other criteria, more effective than the simulations of the examined pr