01634cas a2200241 a 4500 AALejournalIMF005187 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870398 1018-5941 BD-DhAAL BD-DhAAL Vamvakidis, Athanasios. Convergence in Emerging Europe : Sustainability and Vulnerabilities / Athanasios Vamvakidis. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (30 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 The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper suggest that the convergence trend of emerging Europe is based on strong fundamentals and is expected to continue, but at a slower pace. Moreover, the convergence path may be volatile as countries with large external imbalances adjust, with risks of a hard landing in some cases. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/181 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/181/001.2008.issue-181-en.xml IMF e-Library