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

Zbigniew Polański

Atlantic Economic Journal, 2004, vol. 32, issue 4, 280-292

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

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:32:y:2004:i:4:p:280-292

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DOI: 10.1007/BF02304233

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