Smidkova, Katerina; Bulir, Ales - EconWPA - 2004
too soon after the EU entry. Computations suggest that it is unlikely for the Czech, Hungarian and Polish economies to … maintain low inflation during 2004-2010, and at the same time, to keep their currencies within the ERM II. In addition, those … currencies were overvalued in 2003. Moreover, experience of Greece, Portugal, and Spain – viewed through the fundamental real …