Republic Of Poland

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 147552577X
Size: 64.61 MB
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Republic of Poland: Selected Issues

Republic Of Poland

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452793093
Size: 73.15 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 Selected Issues

Author: István P. Székely
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451831917
Size: 55.92 MB
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This Selected Issues paper analyzes fiscal developments and the sustainability of the current fiscal stance in Poland. It analyzes fiscal risks and fiscal vulnerability by investigating the contingent liabilities of the government and by performing stress tests to gauge the exposure of the budget to fiscal risks. Using different approaches, the paper tries to determine the size of fiscal adjustment Poland needs to undertake to strengthen the fiscal position and to reduce exposure to fiscal risks to a more manageable level.

Republic Of Poland Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451831900
Size: 56.79 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: 52.29 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.