Economic Performance in Poland under Fixed and Flexible Exchange Rates Regimes
Basingstoke : Palgrave
InPapazoglou, C.; Pentecoast, E. (ed.), Exchange Rate Policies, Prices and Supply-side Response. A Study of Transitional Economies, pp. 140-156
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Economische theorie en economisch beleid
Papazoglou, C.; Pentecoast, E. (ed.), Exchange Rate Policies, Prices and Supply-side Response. A Study of Transitional Economies
SubjectInstitutional Shifts in Government and Governance in a Comparative and International Context
Economic integration and convergence with the EU will become increasingly important for transition economies in Eastern Europe like Poland. In this paper, we address some issues of policy adjustment in Poland and interaction with the EU. To this end, we propose a stylised model of the small open economy in transition. The model has an underdeveloped financial market with less than perfect capital mobility, limited price flexibility, and a high degree of imports leakage. We focus on the effects of pursuing fiscal and monetary policies in Poland as well as the effects of integration and interaction with the EU under two polar types of exchange rate regimes - fixed and flexible.
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