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Vamvakidis, Athanasios.

Convergence in Emerging Europe Sustainability and Vulnerabilities / Athanasios Vamvakidis. [electronic resource] : Athanasios Vamvakidis. - Washington, D.C. : International Monetary Fund, 2008. - 1 online resource (30 p.) - IMF Working Papers; Working Paper ; No. 08/181 . - IMF Working Papers; Working Paper ; No. 08/181 .

The 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.

ISBN: 1451870396 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451870398.001 doi

Subjects--Topical Terms:
Current Account Adjustment
Current Account Deficits
Current Account
European Economy
Real GDP

Subjects--Geographic Terms:
Bulgaria