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Poland's Accession to EMU - Choosing the Exchange Rate Parity

Rawdanowicz, Lukasz - 2009

This paper deals with the choice of the exchange rate parity upon Poland's entry to EMU. Given that the euro parity should reflect some equilibrium exchange rate, two theoretical concepts are discussed: fundamental and behavioural equilibrium exchange rates. These approaches are then estimated....

Persistent link: https://www.econbiz.de/10013157635

Nominal and Real Convergence in Alternative Exchange Rate Regimes in Transition Countries : Implications for the EMU Accession

Kowalski, Przemyslaw A. - 2009

This paper discusses the processes of nominal and real convergence and their dependence on exchange rate regimes adopted in Central and Eastern European countries (CEECs) in the context of their future EMU accession. We focus our argument on the possibility of trade-off between the pace of...

Persistent link: https://www.econbiz.de/10013157459

A Strategy for EMU Enlargement

Dabrowski, Marek - 2009

recommendations both for new member states (on how to manage their accession to the Eurozone) and for the European Commission, ECB and … current Eurozone members, and should further improve before Eurozone entry, decreasing risk of their exposure to idiosyncratic … credibility of the Euro and price stability in the Eurozone will not be threatened by fast EMU Enlargement. Neither can the …

Persistent link: https://www.econbiz.de/10013157589

When Should the Central Europeans Join EMU?

Rostowski, Jacek - 2009

The paper first considers why central European countries wish to join EMU soon. The main reasons are the risk of macroeconomic instability they face outside the euro zone if they wish to grow quickly. At the same time, Central Europe is highly integrated as regards trade with EMU, so it is...

Persistent link: https://www.econbiz.de/10013157700

Economic and Political Challenges of Acceding to the Euro Zone Area : The Case of Poland

Wozniak, Przemyslaw - 2010

The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper focuses on the political and institutional challenges of...

Persistent link: https://www.econbiz.de/10014191585

The EME Enlargement and the Choice of the Euro Conversion Rates : Theoretical and Empirical Issues

Rawdanowicz, Lukasz - 2009

The paper deals with the choice of the nominal euro conversion rates for the acceding countries upon their accession to EMU. The paper reviews theoretical models of equilibrium exchange rates as well as discusses their interpretation and the ensuing policy recommendations. Problems with...

Persistent link: https://www.econbiz.de/10014205753

Exchange Rate Variability and Foreign Direct Investment – Consequences of EMU Enlargement

Brzozowski, Michal - 2009

The aim of the paper is to analyze theoretically and empirically the likely impact of the reduction in exchange rate uncertainty, due to the EMU accession, on the intensity of FDI inflow into candidate countries. Theoretical models give an ambiguous picture of how exchange rate uncertainty and...

Persistent link: https://www.econbiz.de/10014205886

New Member States' Trading Potential Following EMU Accession : A Gravity Approach

Maliszewska, Maryla - 2009

The purpose of this paper is to look at implications of the EMU accession on international trade flows of the new member states with members of the enlarged EU. I begin with the evaluation of an early impact of the EMU on trade based on a gravity model. The results are then employed in the...

Persistent link: https://www.econbiz.de/10014205896

A Strategy for EMU Enlargement

Dabrowski, Marek - 2009

Persistent link: https://www.econbiz.de/10014212729

Exchange Rate Regimes and the Nominal Convergence

Szczurek, Mateusz - 2010

The paper examines theoretical literature, recent EMU accession examples, and current CEECs performance in search of the optimal currency regime for meeting the Maastricht criteria. Currency board arrangements seems to provide the fastest convergence. For other regimes, the markets may have...

Persistent link: https://www.econbiz.de/10013151686