Czasopismo
2010
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239 The Mechanism of Functioning of EMU Euro Zone Enlargement - the New Members' Perspective
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27--41
Tytuł artykułu
Autorzy
Warianty tytułu
Języki publikacji
Abstrakty
The paper aims to statistically verify the assumptions of the Dornbusch model in Poland's economy in the years from 2007 to 2009. The study determines the role of the exchange rate in achieving equilibrium in the financial market in Poland and the effectiveness of the exchange rate adjustment mechanism: the rate - price in achieving the equilibrium of trade balance. The conclusions allow us to formulate recommendations as regards the role of the exchange rate in economic policy, which has a significant meaning in the process of Poland's accession to the euro zone. (original abstract)
Rocznik
Strony
27--41
Opis fizyczny
Twórcy
autor
- University of Lodz, Poland
Bibliografia
- 1. Dornbusch, R., Expectation and Exchange Rate Dynamics, Journal of Political Economy, vol. 84, pp. 1161-76, 1976, and
- 2. Dornbusch, R., Exchange Rate Expectations and Monetary Policy, Journal of International Economics, vol. 6, pp. 231^44, 1976.
- 3. Rogoff, К., Why are G3 Exchange Rate Relationships so Fickle?, Finance and Development, no. 2, June 2002.
- 4. Bilski, J., The Overshooting Results in Poland in 1999-2000, in Enlarged Europe and Regional Disparities, pp, 161-167, TEI Preveza 2004.
- 5. Obstfeld M, Rogoff К., New Directions for Stochastic Open Economy Models, Journal of International Economics vol 50, 117-153, 2000; 50
- 6. Tu, W., Feng, J., An Overview Study on Dornbusch Overshooting Hypothesis. 110.
- 7. International Journal of Economics and Finance, vol. 1, pp. 110-116, Feb. 2009
- 8. Rogoff, К, Dornbusch Overshooting Model After Twenty-Five Years, JMF Staff Papers, vol. 49, special issue, 2002
- 9. e.g. described in Caves, R..E., Frankel, J.A., Jones, R.W., World Trade and Payments, HarperColinsPublishers, New York 1990.
- 10. Dornbusch, R., Fisher, S., Startz, R., Macroeconomics, McGraw-Hill, N.Y., 200, p. 534.
Typ dokumentu
Bibliografia
Identyfikatory
DOI
Identyfikator YADDA
bwmeta1.element.ekon-element-000169582474