Republic of Poland : selected issues.
This Selected Issues Paper focuses on the economic and financial ties between Poland and the euro area and analyzes the associated spillovers. It documents stylized facts about trade, vertical integration, foreign direct investment, and banking system linkages between Poland and core euro area count...
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| Format: | eBook |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
©2012.
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| Series: | IMF country report ;
no. 12/163. |
| Subjects: | |
| Online Access: | CONNECT CONNECT |
Table of Contents:
- Cover; Contents; I. Economic and Financial Linkages With the Euro Area; A. Introduction; B. Trade and Financial Linkages; C. Vector Auto-Regression; D. Global Projection Model; E. Concluding Remarks; References; Box; 1. Key Model Equations; Figures; 1. Responses to Euro Area Premium Shock; 2. Responses to Euro Area Premium Shock With Anticipated Monetary Policy Delay; 3. Responses to a More Persistent Euro Area Premium Shock; 4. Responses to Euro Area Premium Shock With Stronger Spillover; II. What Drives the Spread Between the POLONIA and the Policy Rate; A. Introduction.
- B. POLONIA and its Deviation From the Policy RateC. Determinants of the POLONIA Spread: Predictions; D. Empirical Analysis; E. Conclusion and Policy Implications; References; Tables; 1. Predictions of the Impact of the Determinants; 2. Variables in the Mean and Volatility Equations; 3. Estimated GARCH Parameters; Appendix; 1. Structural Liquidity.
