English, Article edition: Looking Forward Towards the ERM II Central Parity: The Case of Poland Jakub Borowski; Anna Czogala; Adam Czyzewski

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Bookmark: http://trove.nla.gov.au/version/158533
Physical Description
  • article
Language
  • English

Edition details

Title
  • Looking Forward Towards the ERM II Central Parity: The Case of Poland
Author
  • Jakub Borowski
  • Anna Czogala
  • Adam Czyzewski
Physical Description
  • article
Notes
  • This paper addresses issues related to the choice of the central parity for Poland’s prospective ERM II membership. It discusses the relevance of different concepts of equilibrium exchange rate in the determination of the central parity and, on the basis of recent studies, it provides a tentative assessment of the equilibrium exchange rate of the Polish zloty. Risks resulting from a potential exchange rate misalignment are also analysed. Finally, in the context of the choice of the central parity, the paper gives insights into developments in the Polish labour market and factors behind the persistently high unemployment rate.
  • exchange rate; euro area; labor market; zloty; ERM II; Poland
  • RePEc:cii:cepiei:2005-2ta
Language
  • English
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