Convergence in Emerging Europe: Sustainability and Vulnerabilities

The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper suggest...

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1. Verfasser: Vamvakidis, Athanasios (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2008
Schriftenreihe:IMF Working Papers Working Paper No. 08/181
Schlagworte:
Online-Zugang:UBW01
UEI01
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Zusammenfassung:The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper suggest that the convergence trend of emerging Europe is based on strong fundamentals and is expected to continue, but at a slower pace. Moreover, the convergence path may be volatile as countries with large external imbalances adjust, with risks of a hard landing in some cases
Beschreibung:Includes bibliographical references
Beschreibung:1 Online-Ressource (30 p)
ISBN:1451870396
9781451870398

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