Convergence in Emerging Europe : Sustainability and Vulnerabilities

WPIEA2008181 Image
Price:  $18.00

Author/Editor: Athanasios Vamvakidis
Release Date: © July, 2008
ISBN : 978-1-45187-039-8
Stock #: WPIEA2008181
Stock Status: On back-order

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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.

More publications in this series: Working Papers

More publications by: Athanasios Vamvakidis