Republic Of Poland

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452793093
Size: 25.53 MB
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This Selected Issues paper analyzes the main factors underlying the evolution of competitiveness, export performance, and labor market developments in Poland. The paper seeks to identify key questions of relevance for policymaking. The overall evolution of competitiveness compared with Poland’s trading partners and competitors since 1995 is analyzed using standard measures of the real effective exchange rate (REER). This paper also examines the role of foreign investors in financing domestically issued public debt in Poland.

Republic Of Poland

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 147552577X
Size: 36.91 MB
Format: PDF, ePub, Mobi
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Republic of Poland: Selected Issues

Republic Of Poland

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452772614
Size: 11.36 MB
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This Selected Issues paper examines the driving factors for the broad movements of investment over the past decade in Poland. After booming for half a decade, Poland’s investment plummeted during 2001–03 and has recovered only marginally since then. The paper provides a historical perspective on the evolution of economywide and sectoral investment in Poland, and briefly summarizes possible determinants of investment. It analyzes the determinants of investment more systematically using panel regressions based on sectoral data, and reports the results of in-sample and out-of-sample simulations.

Republic Of Poland Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451831900
Size: 53.30 MB
Format: PDF
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The Selected Issues paper and Statistical Appendix assesses the prospects of future capital flows to Poland. The paper briefly reviews the theory behind capital flows, and presents the stylized facts of recent capital flows to Poland. It reviews the experience of other large-scale privatizers, and looks at the empirical determinants of capital flows. The paper also reviews the development of foreign currency loans in Poland, drawing comparisons with other emerging market economies, and discusses challenges posed by these loans.

Republic Of Poland Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498374433
Size: 70.25 MB
Format: PDF, ePub, Mobi
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This Selected Issues paper considers the case of Poland to analyze global financial spillovers to emerging market (EM) sovereign bond markets. Foreign holdings of Polish government bonds have increased substantially over the last decade. Although foreign participation in local-currency sovereign bond markets provides an additional source of financing and reduces sovereign yields, it has also given rise to concerns about increased sensitivity to shifts in market sentiment. The analysis in this paper suggests that foreign participation plays an important role in transmitting global financial shocks to local-currency sovereign bond markets by increasing yield volatility and, beyond a certain threshold, amplifying these spillovers.