TY  - BOOK
AU  - Vamvakidis,Athanasios
TI  - Convergence in Emerging Europe: Sustainability and Vulnerabilities 
T2  - IMF Working Papers; Working Paper
SN  - 1451870396 :
SN  - 1018-5941
PY  - 2008///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Current Account Adjustment
KW  - imf
KW  - Current Account Deficits
KW  - Current Account
KW  - European Economy
KW  - Real GDP
KW  - Bulgaria
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/09403-9781451870398/09403-9781451870398/09403-9781451870398.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451870398
ER  -