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2010 | 238 |

Article title

Unia Gospodarcza i Walutowa a problem międzynarodowej nierównowagi płatniczej

Content

Title variants

Languages of publication

Abstracts

EN
EMU is not in the centre of debate on global imbalances, as its external position is „close to balance”. However, divergences between surplus and deficit countries as well as its heterogeneity can predict the asymmetry in adjustment process under one of the alternative scenario. In a highly globalised world, monetary union does not isolate the member countries form the global imbalances. This is why the euro area must prepare itself to better absorb the shock in case of unwinding of the imbalances, mainly through structural reforms that improve the flexibility and resilience of its constituent economies.

Keywords

Year

Volume

238

Physical description

Dates

published
2010

References

Document Type

Publication order reference

Identifiers

URI
http://hdl.handle.net/11089/389

YADDA identifier

bwmeta1.element.hdl_11089_389
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