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PL EN


Journal

2019 | 3(59) | 153–171

Article title

Polska w strefie euro lub poza nią – scenariusze rozwoju

Content

Title variants

EN
Poland in or outside the eurozone – possible scenarios

Languages of publication

PL

Abstracts

EN
This paper discusses the issue of Poland’s future economic performance in the case of either adopting the euro or remaining outside the eurozone. The author claims that irrevocable fixing of the exchange rate deeply affects the economy. On the one hand, it allows for the microeconomic gains that, if fully exploited, may lead to faster growth and modernization. One the other hand, it brings about multiple risks, including challenges related to the adjustment to external shocks in the absence of monetary policy tools, as well as a risk of “the Southern eurozone countries’ trap”, namely excessive debt caused by easy access to inexpensive capital. Nevertheless, the key factor determining final outcome is the efficiency of functioning of the Polish economy, its economic policy, and institutions.

Journal

Year

Issue

Pages

153–171

Physical description

Contributors

  • Profesor doktor hab., Akademia Finansow i Biznesu Vistula; e-mail: witold.orlowski@vistula.edu.pl ORCID: https://orcid.org/0000-0002-2320-2372

References

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Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-992e2f76-f52d-4ad1-a5eb-ba135cfbe9a8
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