Convergence in emerging Europe : sustainability and vulnerabilities

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090 ‡aHG3881.5.I58 ‡bW67 no.08/181
100 1 ‡aVamvakidis, Athanasios.
245 1 0 ‡aConvergence in emerging Europe : ‡bsustainability and vulnerabilities / ‡cprepared by Athanasios Vamvakidis.
260 ‡aWashington, D.C. : ‡bInternational Monetary Fund, European Dept., ‡c2008.
300 ‡a30 p. : ‡bill. ; ‡c28 cm.
490 0 ‡aIMF working paper ; ‡vWP/08/181
500 ‡a"July 2008."
504 ‡aIncludes bibliographical references (p. 28-30).
520 3 ‡aThe 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.
530 ‡aAlso available on the World Wide Web.
538 ‡aMode of access: Internet.
650 0 ‡aConvergence (Economics) ‡zEurope.
650 0 ‡aBalance of payments ‡zEurope, Central.
650 0 ‡aBalance of payments ‡zEurope, Eastern.
651 0 ‡aEurope, Central ‡xEconomic policy.
651 0 ‡aEurope, Eastern ‡xEconomic policy.
651 0 ‡aEurope, Central ‡xEconomic conditions.
651 0 ‡aEurope, Eastern ‡xEconomic conditions.
710 2 ‡aInternational Monetary Fund. ‡bEuropean Dept.
CID ‡a010571460
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DAT 1 ‡a20120814120435.0 ‡b2024-01-28T18:43:48Z
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