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European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …
Persistent link: https://www.econbiz.de/10011372974
the country's readiness to become an EMU member. The theoretical background of the assessment involved comprises two chief …
Persistent link: https://www.econbiz.de/10011454990
Which have been the consequences of the euro for integration and economic performance in the Baltic Sea region? After the collapse of the Soviet Union, the three Baltic states and Poland have been rapidly catching-up with Western Europe. The Great Recession became a great setback for the former,...
Persistent link: https://www.econbiz.de/10012433742
European Monetary Union. It is argued that due to legal and political considerations Poland may not opt out from EMU … productivity gains in Poland. Finally, the accession to EMU should follow promptly the accession to EU. Unilateral introduction of … Euro is too risky for banking and real sectors. Slower process of joining EMU would hamper credibility of macroeconomic …
Persistent link: https://www.econbiz.de/10008633117
In this paper we discuss selected aspects of Poland's road to the euro zone. Our attention focuses on the proper design of macroeconomic policy during the accession period. We address the issue of entering ERM II, with special attention to the choice of central parity, fluctuation bands,...
Persistent link: https://www.econbiz.de/10005029501
Persistent link: https://www.econbiz.de/10010231733
Persistent link: https://www.econbiz.de/10011921027
After satisfactory performance of the transition countries in 2000, their growth slowed down in 2001 as the external conditions deteriorated. This tendency was checked in the second half of 2002. Industrial production and exports have generally strengthened since then - though in some countries...
Persistent link: https://www.econbiz.de/10012100029
The transition countries approach EU enlargement with GDP growth outperforming the 'old' EU. In 2003, Poland's economy resumed quite strong growth after two years of stagnation. Growth accelerated also in the Czech Republic, while it experienced some moderate slowdown in Romania, Bulgaria,...
Persistent link: https://www.econbiz.de/10012100039
This wiiw report reviews the economic situation in the new EU member states, in the countries of Southeast Europe, in Belarus, Russia and Ukraine as well as in China. For each country, it provides a forecast relating to GDP growth, inflation, unemployment and current accounts in 2004 and 2005....
Persistent link: https://www.econbiz.de/10012100044