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We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption …. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the … Poland. And it is certainly conceivable that the same policies and country characteristics (not always visible to the …
Persistent link: https://www.econbiz.de/10005124037
This Paper reconsiders the 1992/3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility played important roles. The output effects...
Persistent link: https://www.econbiz.de/10005067395
financial centers at the end of the 1920s figured importantly in the decline in foreign lending. We draw parallels with Europe …
Persistent link: https://www.econbiz.de/10011084387
length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth …
Persistent link: https://www.econbiz.de/10005792491