01682cas a2200253 a 4500 AALejournalIMF004806 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866292 1018-5941 BD-DhAAL BD-DhAAL Schadler, Susan. Do Economists' and Financial Markets' Perspectives on the New Members of the EU differ? / Susan Schadler, Pipat Luengnaruemitchai. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the past several years, the ten new Central and Eastern European members of the European Union have enjoyed rapid growth but frequently alongside growing external imbalances. Economists have pointed to rising vulnerabilities, but markets compressed sovereign bond yields. This paper examines the evidence from the perspective of economists' vulnerability analysis and markets' pricing of sovereign bonds. It finds that spread are lower than can be explained by "fundamentals" and speculates on the causes and permanence of this yield compression. Mode of access: Internet Luengnaruemitchai, Pipat. IMF Working Papers; Working Paper ; No. 2007/065 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/065/001.2007.issue-065-en.xml IMF e-Library