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Poland’s Euro Adoption Perspectives

  • Zbigniew Polański EMAIL logo
Published/Copyright: November 17, 2018
The Economists’ Voice
From the journal The Economists’ Voice Volume 15 Issue 1

Abstract

In this note we argue that despite the progress achieved, as measured by income convergence and compliance with the official (Maastricht Treaty) requirements, implementing the ECB interest rates would most probably destabilize the Polish economy leading to a loss of potential gains from adopting the common currency.

Keywords: convergence; euro; interest rates; Maastricht Treaty; Poland

Acknowledgements

This note would not reach its current shape without the advice and help of K. Basiarz (London School of Economics), M. Hołda (NBP), M. Kitala (NBP), R. Kokoszczyński (Warsaw University, NBP), G. Schnabl (University of Leipzig) and M. Szadkowski (NBP). I express gratitude to all of them, obviously taking full responsibility for stated opinions and all remaining errors.

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Article note

This paper presents the author’s personal opinions and does not necessary reflect the official position of the NBP.

Published Online: 2018-11-17

©2018 Walter de Gruyter GmbH, Berlin/Boston

Articles in the same Issue

  1. Editorial
  2. The European Monetary Union on a Bumpy Road – Challenges and Solutions for an Uncertain Future
  3. Policy Papers
  4. Core-Periphery Relations in the Eurozone
  5. Monetary Integration, Fiscal Divergence and Current Account Imbalances in Europe
  6. Secular Stagnation, Unemployment Hysteresis and Monetary Policy in EMU: Scratches but Not Scars?
  7. An Evolutionary Path Towards a European Monetary Fund
  8. How to Leave the Eurozone: The Case of Finland
  9. Policy Forum
  10. Solidarity and Responsibility in the Euro Area: Foes or Friends?
  11. The European Central Bank, Italy and the Next Eurozone Crisis
  12. Beyond Risk Sharing and Risk Reduction
  13. How Europe should Overcome the Coming Deadlock
  14. “Strengthen Stability: Further Development of the ESM in a Deepened Monetary Union”
  15. Poland’s Euro Adoption Perspectives
  16. The Fairy Tale of Low Inflation in the Euro Area
  17. On the Accuracy of Estimating the Inflation Rate: Marty Feldstein as Dr. Pangloss
  18. Other Papers
  19. The Unbearable Errorlessness of Global Poverty Estimates
  20. Property Rights on Credit and State Control of Money: The Irrelevance of the Origin of Money
https://doi.org/10.1515/ev-2018-0028
Keywords for this article
convergence; euro; interest rates; Maastricht Treaty; Poland

Articles in the same Issue

  1. Editorial
  2. The European Monetary Union on a Bumpy Road – Challenges and Solutions for an Uncertain Future
  3. Policy Papers
  4. Core-Periphery Relations in the Eurozone
  5. Monetary Integration, Fiscal Divergence and Current Account Imbalances in Europe
  6. Secular Stagnation, Unemployment Hysteresis and Monetary Policy in EMU: Scratches but Not Scars?
  7. An Evolutionary Path Towards a European Monetary Fund
  8. How to Leave the Eurozone: The Case of Finland
  9. Policy Forum
  10. Solidarity and Responsibility in the Euro Area: Foes or Friends?
  11. The European Central Bank, Italy and the Next Eurozone Crisis
  12. Beyond Risk Sharing and Risk Reduction
  13. How Europe should Overcome the Coming Deadlock
  14. “Strengthen Stability: Further Development of the ESM in a Deepened Monetary Union”
  15. Poland’s Euro Adoption Perspectives
  16. The Fairy Tale of Low Inflation in the Euro Area
  17. On the Accuracy of Estimating the Inflation Rate: Marty Feldstein as Dr. Pangloss
  18. Other Papers
  19. The Unbearable Errorlessness of Global Poverty Estimates
  20. Property Rights on Credit and State Control of Money: The Irrelevance of the Origin of Money
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