IDEAS home Printed from https://ideas.repec.org/a/kap/atlecj/v32y2004i4p280-292.html
   My bibliography  Save this article

Poland and the euro zone enlargement: Monetary policy, ERM II, and other issues

Author

Listed:
  • Zbigniew Polański

Abstract

In this paper, Poland's preparations to introduce the euro and discussions surrounding them are briefly analyzed. Its first part deals with legal and macroeconomic developments before Poland's accession to the EU in May 2004. The second part considers Poland's official position and possible future scenarios. The main conclusions are twofold. Firstly, it is argued that after finishing successfully the disinflation process, Poland's monetary integration is above all subject to fiscal and exchange rate developments. In both cases, they are a function of the economy's structural changes. Secondly, as a consequence, fulfilling the Maastricht Treaty nominal convergence criteria by Poland will imply enough degree of real convergence for its successful participation in the euro zone. Copyright International Atlantic Economic Society 2004

Suggested Citation

  • Zbigniew Polański, 2004. "Poland and the euro zone enlargement: Monetary policy, ERM II, and other issues," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 32(4), pages 280-292, December.
    • Handle: RePEc:kap:atlecj:v:32:y:2004:i:4:p:280-292
    DOI: 10.1007/BF02304233
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/BF02304233
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/BF02304233?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Dubravko Mihaljek & Marc Klau, 2003. "The Balassa-Samuelson effect in central Europe: a disaggregated analysis," BIS Working Papers 143, Bank for International Settlements.
    2. repec:onb:oenbwp:y::i:84:b:1 is not listed on IDEAS
    3. Jesús Cuaresma & Ernest Gnan & Doris Ritzberger-Gruenwald, 2004. "Searching for the natural rate of interest: a euro area perspective," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 31(2), pages 185-204, June.
    4. Jesus Crespo-Cuaremsa & Ernest Gnan & Doris Ritzberger-Gruenwald, 2003. "Searching for the natural rate of interest: a euro area perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy in a changing environment, volume 19, pages 60-80, Bank for International Settlements.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Polański Zbigniew, 2018. "Poland’s Euro Adoption Perspectives," The Economists' Voice, De Gruyter, vol. 15(1), pages 1-5, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lucian Croitoru, 2016. "Are We Systematically Wrong when Estimating Potential Output and the Natural Rate of Interest?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 128-151, June.
    2. repec:onb:oenbwp:y::i:121:b:1 is not listed on IDEAS
    3. Hans Genberg, 2006. "Exchange-rate arrangements and financial integration in East Asia: on a collision course?," International Economics and Economic Policy, Springer, vol. 3(3), pages 359-377, December.
    4. Mésonnier, J-S. & Renne, J-P., 2004. "A Time-Varying Natural Rate for the Euro Area," Working papers 115, Banque de France.
    5. Ladislav Wintr & Paolo Guarda & Abdelaziz Rouabah, 2005. "Estimating the natural interest rate for the euro area and Luxembourg," BCL working papers 15, Central Bank of Luxembourg.
    6. repec:onb:oenbwp:y::i:111:b:1 is not listed on IDEAS
    7. repec:onb:oenbwp:y::i:127:b:1 is not listed on IDEAS
    8. repec:onb:oenbwp:y::i:113:b:1 is not listed on IDEAS
    9. repec:onb:oenbwp:y::i:114:b:1 is not listed on IDEAS
    10. repec:onb:oenbwp:y::i:84:b:1 is not listed on IDEAS
    11. Michal Brzoza-Brzezina, 2004. "The Information Content of the Natural Rate of Interest: The Case of Poland," Macroeconomics 0402007, University Library of Munich, Germany.
    12. repec:onb:oenbwp:y::i:104:b:1 is not listed on IDEAS
    13. Michał Brzoza‐Brzezina, 2006. "The information content of the neutral rate of interest," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 14(2), pages 391-412, April.
    14. repec:onb:oenbwp:y::i:124:b:1 is not listed on IDEAS
    15. repec:onb:oenbwp:y::i:119:b:1 is not listed on IDEAS
    16. repec:onb:oenbwp:y::i:118:b:1 is not listed on IDEAS
    17. repec:onb:oenbwp:y::i:110:b:1 is not listed on IDEAS
    18. Eliana González & Luis F. Melo & Luis E. Rojas & Brayan Rojas, 2011. "Estimations of the Natural Rate of Interest in Colombia," Money Affairs, CEMLA, vol. 0(1), pages 33-75, January-J.
    19. Brzoza-Brzezina, Michał, 2005. "Lending booms in the new EU Member States: will euro adoption matter?," Working Paper Series 543, European Central Bank.
    20. repec:onb:oenbwp:y::i:96:b:1 is not listed on IDEAS
    21. repec:onb:oenbwp:y::i:122:b:1 is not listed on IDEAS
    22. Sven Arndt, 2006. "Regional currency arrangements in North America," International Economics and Economic Policy, Springer, vol. 3(3), pages 265-280, December.
    23. repec:onb:oenbwp:y::i:89:b:1 is not listed on IDEAS
    24. repec:onb:oenbwp:y::i:123:b:1 is not listed on IDEAS
    25. repec:onb:oenbwp:y::i:112:b:1 is not listed on IDEAS
    26. repec:onb:oenbwp:y::i:103:b:1 is not listed on IDEAS
    27. repec:onb:oenbwp:y::i:106:b:1 is not listed on IDEAS
    28. Roman Horváth, 2007. "Estimating Time-Varying Policy Neutral Rate in Real Time," Working Papers IES 2007/01, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jan 2007.
    29. repec:onb:oenbwp:y::i:120:b:1 is not listed on IDEAS
    30. repec:onb:oenbwp:y::i:109:b:1 is not listed on IDEAS
    31. repec:onb:oenbwp:y::i:92:b:1 is not listed on IDEAS
    32. repec:onb:oenbwp:y::i:94:b:1 is not listed on IDEAS
    33. Paul Castillo & Carlos Montoro & Vicente Tuesta, 2006. "Measuring the Natural Interest Rate for the Peruvian Economy," Working Papers 2006-003, Banco Central de Reserva del Perú.
    34. Michal Brzoza-Brzezina, 2005. "Lending Booms in Europe’s Periphery: South-Western Lessons for Central-Eastern Members," Macroeconomics 0502002, University Library of Munich, Germany.
    35. repec:onb:oenbwp:y::i:125:b:1 is not listed on IDEAS
    36. Crespo-Cuaresma, Jesus & Gnan, Ernest & Ritzberger-Grunwald, Doris, 2004. "Using pre-EMU money market rates to assess monetary policy in the euro area," Economic Modelling, Elsevier, vol. 21(6), pages 1003-1014, December.
    37. repec:onb:oenbwp:y::i:128:b:1 is not listed on IDEAS
    38. Rafael Cavalcanti De Araújo & Cleomar Gomes Da Silva, 2014. "The Neutral Interest Rate And The Stance Of Monetary Policy In Brazil," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 051, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    39. repec:onb:oenbwp:y::i:130:b:1 is not listed on IDEAS
    40. Garnier, Julien & Wilhelmsen, Björn-Roger, 2005. "The natural real interest rate and the output gap in the euro area: a joint estimation," Working Paper Series 546, European Central Bank.
    41. Belke, Ansgar & Klose, Jens, 2010. "(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis," Ruhr Economic Papers 166, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    42. Gaetano D’Adamo, 2014. "Wage spillovers across sectors in Eastern Europe," Empirical Economics, Springer, vol. 47(2), pages 523-552, September.
    43. Égert, Balázs, 2004. "Assessing equilibrium exchange rates in CEE acceding countries: can we have DEER with BEER without FEER? A critical survey of the literature," BOFIT Discussion Papers 1/2004, Bank of Finland Institute for Emerging Economies (BOFIT).
    44. Mesonnier, Jean-Stephane & Renne, Jean-Paul, 2007. "A time-varying "natural" rate of interest for the euro area," European Economic Review, Elsevier, vol. 51(7), pages 1768-1784, October.
    45. repec:hal:spmain:info:hdl:2441/5221 is not listed on IDEAS
    46. Horvath, Roman, 2006. "Real-Time Time-Varying Equilibrium Interest Rates: Evidence on the Czech Republic," MPRA Paper 845, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:atlecj:v:32:y:2004:i:4:p:280-292. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.