Stabilization of Zloty Within the Exchange Rate Mechanism II (ERM II) as an Alternative for the Floating Exchange-Rate Regime and the Unpopular Idea for Introducing Euro in the Polish Society

• Autorzy: Magdalena Redo
• Języki publikacji: EN

Abstrakty

EN

The Eurozone currently includes 19 out of 28 European Union countries. Thus, Poland is in the minority of the EU countries that do not have euro. If one takes into consideration Bulgaria (currency board) and also Denmark (officially it is an exchange-rate with very low fluctuation margin towards euro +/0 2.25%) provides a fixed exchange-rate towards euro it turns out that Poland is in a small group of only six EU countries - Great Britain, Sweden, the Czech Republic, Hungary, Romania and Croatia whose economies, citizens and economic entities are in danger of everyday exchange rate fluctuation and costs resulting from such a state. It must be noted that it is 15 years since Polish economy transferred to the floating exchange-rate regime on the 12th of April, 2000. In practice it means everyday potentially limitless changeability of zloty's rate as its level is decided on by the market. If the interest in zloty is bigger, it causes its appreciation, whereas if it is lower it leads to its depreciation.(fragment of text)

Słowa kluczowe

EN

Eurozone; European Monetary System (EMS); Exchange Rate Mechanism (ERM II)

PL

Strefa euro; Europejski System Walutowy (ESW); Europejski Mechanizm Kursowy (ERM II)

• Czasopismo: Law and Administration in Post-Soviet Europe
• Rocznik: 2016
• Numer: vol. 3, iss. 1
• Strony: 18--23

Twórcy

autor

Magdalena Redo

• Nicolaus Copernicus University, Poland

Bibliografia

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