Poland's Accession to the Eurozone - Critical Analysis

• Authors: Lis S.
• Languages of publication: PL

Abstracts

EN

The article contains the results of theoretical and empirical analysis of approaches and hypotheses that concern costs and benefits resulting from Poland's accession to the eurozone. Comparative analysis indicates that the bottom line results of Poland joining the Economic and Currency Union should be - in the longer run - advantageous. The path leading Poland to eurozone seems to be difficult because the country does not meet nominal and real convergence criteria. The fundamental problem is attributable to the need of deep reformulation of structural policy: modernization of state institutions and of the economy, improvements in policy mix are the main points. Poland should be well prepared and 'ripe' to benefit from opportunities ensuing from integration. Voluntary or too early resignation from the ability to conduct own monetary and exchange policies would not safeguard the stability of macroeconomic policy under conditions of contemporary challenges facing the world economy. The article is concluded with the statement that the integration with the monetary union should be desirable and, in the overall account, will bring benefits for Poland.

Keywords

EN

CONVERGENCE; MONETARY POLICY; POLAND'S ACCESION TO EUROZONE

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2008
• Issue: 3
• Pages: 329-355
• Document type: ARTICLE

Contributors

author

Lis S.

• S. Lis, Uniwersytet Ekonomiczny w Krakowie, ul. Rakowicka 27, 31-510 Kraków, Poland

Identifiers

CEJSH db identifier

09PLAAAA058615