[aaus-list] Your IMF Update: Working Paper No. 08/181 (fwd)

[Max Pyziur]

fyi,

MP
pyz at brama.com

---------- Forwarded message ----------
Date: Mon, 21 Jul 2008 17:26:13 -0400
From: NewContent at InternationalMonetaryFund.org
To: pyz at brama.com
Subject: Your IMF Update: Working Paper No. 08/181

New item in your series of interest:

Working Paper No. 08/181: Convergence in Emerging Europe: Sustainability and Vulnerabilities

Author/Editor: Vamvakidis, Athanasios

Summary: 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.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=22104.0


DISCLAIMER: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.



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