Five years after : European Union membership and macro-financial stability in the mew member states /

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Bibliographic Details
Author / Creator:	Čihák, Martin.
Imprint:	[Washington D.C.] : International Monetary Fund, 2009.
Description:	1 online resource (69 p.).
Language:	English
Series:	IMF working paper ; WP/09/68 IMF working paper ; WP/09/68.
Subject:	European Union -- Economic integration. European Union. Finance -- European Union countries. Finance. International economic integration. European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12510747

Hidden Bibliographic Details
Other authors / contributors:	Fonteyne, Wim.
ISBN:	1462357792 9781462357796 1452768234 9781452768236 9786612842894 661284289X 1282842897 9781282842892 1451872151 9781451872156
Notes:	Description based upon print version of record. Includes bibliographical references. English.
Summary:	The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizable capital inflows. EU membership helped in developing sound macroeconomic and financial stability frameworks in the NMS. However, these frameworks remain work in progress and as such could not safeguard against private sector exuberance or risky policies, especially in the face of an unprecedented global financial crisis. Hence, more prudent policies and further strengthening.
Other form:	1-4519-1650-7

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