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

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  • 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
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    References listed on IDEAS

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    1. 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.
    2. Dubravko Mihaljek & Marc Klau, 2003. "The Balassa-Samuelson effect in central Europe: a disaggregated analysis," BIS Working Papers 143, Bank for International Settlements.
    3. repec:onb:oenbwp:y::i:84:b:1 is not listed on IDEAS
    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.
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    1. Polański Zbigniew, 2018. "Poland’s Euro Adoption Perspectives," The Economists' Voice, De Gruyter, vol. 15(1), pages 1-5, December.

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