Konferenzbeitrag

The institutional underpinnings of the prospective euro adoption in Poland

This paper aims to assess both the explicit and implicit convergence criteria for Poland's possible membership in the Economic and Monetary Union, with special emphasis on institutional underpinnings of the country's prospects of adopting the euro. While the former set of criteria (embedded in the Maastricht Treaty) comprises fiscal and monetary indicators of nominal convergence, the latter highlight the resilience of a country to adverse asymmetric shocks and its ability to compete internationally, and point to the importance of labor mobility in particular and institutional quality in general as key shock-absorbing mechanisms and main drivers of a sustainable comparative advantage of a country. The paper focuses therefore on the evaluation of existing institutions and their evolution in Poland vis-à-vis the standards prevailing in the euro zone, as key determinants of the country's readiness to become an EMU member. The theoretical background of the assessment involved comprises two chief pillars: the optimum currency area theory (OCA) and the 'diversity of capitalism' (DoC) approach.

Language
Englisch

Bibliographic citation
Year: 2015 ; Conference: ICCEES IX World Congress, Makuhari, 3-8 August 2015 ; Kiel, Hamburg: ZBW - Leibniz Information Centre for Economics

Classification
Wirtschaft
General Outlook and Conditions
Current Heterodox Approaches: Historical; Institutional; Evolutionary
Subject
euro adoption
convergence
Euro
Convergence criteria

Event
Geistige Schöpfung
(who)
Rapacki, Ryszard
Event
Veröffentlichung
(who)
ZBW - Leibniz Information Centre for Economics
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(where)
Kiel, Hamburg
(when)
2015

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Konferenzbeitrag

Associated

  • Rapacki, Ryszard
  • ZBW - Leibniz Information Centre for Economics
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Time of origin

  • 2015

Other Objects (12)