Ocena stabilizacyjnej roli zmian kursu walutowego w Polsce w kontekście potencjalnego członkostwa w strefie euro
Evaluation of Stabilizing Role of Exchange Rate Changes in Poland in the Context of Potential Membership in the Euro Area

Summary/Abstract: The purpose of this paper is to assess the role of stabilizing the exchange rate changes in the membership of Poland in the third stage of economic and monetary integration. The analysis was limited to a pair EUR / PLN. Changes in the real exchange rate of EUR / PLN can’t be to a satisfactory degree explained by differences in business cycles in both economies. The exchange rate was not only an instrument alleviating the business cycle in response to shocks, but also he was the source of nominal shocks. Therefore resignation from the exchange rate instrument will be associated with limited risk.

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