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Economic Performance in Poland under Fixed and Flexible Exchange Rate Regimes

In: Exchange Rate Policies, Prices and Supply-Side Response

Author

Listed:
  • Piotr Wdowinski
  • Bas Aarle

Abstract

During the last decade, Europe has experienced a remarkable increase in the integration of economic, political and social structures. In the European Union, this process of integration culminated in the Economic and Monetary Union (EMU). EMU formally started on 1 January 1999 with the replacement of national currencies by a common currency, the euro, and the replacement of national monetary policy autonomy by a common monetary policy implemented by the European Central Bank (ECB). The introduction of the euro and the so-called Eastern Enlargement of the EU — first outlined in the Treaty of Copenhagen in 1993 and further developed in the EU Council Meeting in Madrid in 1995 and the recent Agenda 2000 — offers economies in transition in Central and Eastern Europe (CEEC countries) the possibility to embark upon a process of integration and convergence that should lead in the end to their accession into the current EU 15.

Suggested Citation

  • Piotr Wdowinski & Bas Aarle, 2001. "Economic Performance in Poland under Fixed and Flexible Exchange Rate Regimes," Palgrave Macmillan Books, in: Christos Papazoglou & Eric J. Pentecost (ed.), Exchange Rate Policies, Prices and Supply-Side Response, chapter 10, pages 140-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-55453-5_10
    DOI: 10.1057/9780230554535_10
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    Citations

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    Cited by:

    1. Kierzenkowski, Rafał, 2002. "The Multi-Regime Bank Lending Channel and the Effectiveness of the Polish Monetary Policy Transmission During Transition," CEPR Discussion Papers 3624, C.E.P.R. Discussion Papers.
    2. Piotr Wdowiński, 2005. "Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model," FindEcon Chapters: Forecasting Financial Markets and Economic Decision-Making, in: Władysław Milo & Piotr Wdowiński (ed.), Acta Universitatis Lodziensis. Folia Oeconomica nr 192/2005 - Issues in Modeling, Forecasting and Decision-Making in Financial Markets, edition 1, volume 127, chapter 2, pages 27-53, University of Lodz.
    3. Kierzenkowski, Rafal, 2005. "The multi-regime bank lending channel and the effectiveness of the Polish monetary policy transmission during transition," Journal of Comparative Economics, Elsevier, vol. 33(1), pages 1-24, March.
    4. Piotr Wdowinski, 2005. "Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model," CESifo Working Paper Series 1557, CESifo.

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