Beza-Bojanowska, Joanna - Narodowy Bank Polski - 2009
Poland is obligated to adopt the euro after the fulfilment, inter alia, of the exchange rate criterion which requires … entering the Exchange Rate Mechanism II (ERM II). The European Central Bank recommends that the ERM II central rate should … reflect the best possible assessment of the equilibrium exchange rate. In this paper we use the BEER and PEER approach to …