The conditions and consequences of Polish integration with the euro zone

Krzysztof Biegun

Abstract

The purpose of this work is to analyze the conditions and consequences of Polish integration with the euro zone. It was be carried out with particular emphasis on the impact of the preparations for full membership in the monetary union on Polish economic policy. The first chapter contains a detailed analysis of the theory of optimum currency areas (OCA). Theoretical considerations are supplemented by empirical research (including its own research), designed to determine whether and to what extent Poland fulfills the specific criteria set out by this theory, in the perspective of future membership in the euro area. The research included areas such as: the problem with synchronization of Polish economic cycles and the euro area, the risk of asymmetric shocks, the similarity of macroeconomic shocks and the response of the economy to an instance of such a shock. We analyzed the criteria of flexibility of labor markets, labour force, the degree of openness of the economy and diversification of production. The second chapter contains a discussion about the convergence criteria, the fulfillment of which is a prerequisite for the formal accession to the third stage of economic and monetary integration. The third chapter is dedicated to the analysis of benefits and costs associated with the introduction of the euro in Poland. It was carried out from the perspective of a member state. These considerations concerned both, static (eg. the benefits of reducing exchange rate risk and transaction costs) and dynamic effects (eg. an impact on investment and on foreign trade and economic growth). The fourth chapter analyzes the aims and tools of Polish economic policy in the process of integration with the euro area.
Diploma typeDoctor of Philosophy
Author Krzysztof Biegun (ES / DEPaERS)
Krzysztof Biegun,,
- Department of Economic Policy and European Regional Studies
Title in EnglishThe conditions and consequences of Polish integration with the euro zone
Languagepl polski
Certifying UnitFaculty of Economic Sciences (ES)
Disciplineekonomia / nauki ekonomiczne(nauki ekonomiczne) / nauki społeczne()
Defense Date19-02-2013
End date28-03-2013
Supervisor Jan Borowiec (ES / DEPaERS)
Jan Borowiec,,
- Department of Economic Policy and European Regional Studies

Internal reviewers Ewa Pancer-Cybulska (ES / DEPaERS)
Ewa Pancer-Cybulska,,
- Department of Economic Policy and European Regional Studies
External reviewers Henryk Ćwikliński
Henryk Ćwikliński,,
-
Pages200
Keywords in EnglishCurrency union, euro zone, economic and monetary integration, Poland in the euro zone
Abstract in EnglishThe purpose of this work is to analyze the conditions and consequences of Polish integration with the euro zone. It was be carried out with particular emphasis on the impact of the preparations for full membership in the monetary union on Polish economic policy. The first chapter contains a detailed analysis of the theory of optimum currency areas (OCA). Theoretical considerations are supplemented by empirical research (including its own research), designed to determine whether and to what extent Poland fulfills the specific criteria set out by this theory, in the perspective of future membership in the euro area. The research included areas such as: the problem with synchronization of Polish economic cycles and the euro area, the risk of asymmetric shocks, the similarity of macroeconomic shocks and the response of the economy to an instance of such a shock. We analyzed the criteria of flexibility of labor markets, labour force, the degree of openness of the economy and diversification of production. The second chapter contains a discussion about the convergence criteria, the fulfillment of which is a prerequisite for the formal accession to the third stage of economic and monetary integration. The third chapter is dedicated to the analysis of benefits and costs associated with the introduction of the euro in Poland. It was carried out from the perspective of a member state. These considerations concerned both, static (eg. the benefits of reducing exchange rate risk and transaction costs) and dynamic effects (eg. an impact on investment and on foreign trade and economic growth). The fourth chapter analyzes the aims and tools of Polish economic policy in the process of integration with the euro area.
KBN classificationekonomia
Thesis file
K_Biegun Rozprawa doktorska.pdf 2,03 MB

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