000			02194caa a22003498i 4500
001			5k4c9ktpf47g-en
003			FR-PaOEC
005			20210419171343.0
006			a o d i
007			cr || |||m|n||
008			171201s2013 ||| o i|0| 0 eng d
035			_a(FR-PaOEC)
040			_aFR-PaOEC
084			_aG01 _2jelc
084			_aE20 _2jelc
084			_aF41 _2jelc
100	1		_aFidrmuc, Jarko. _910422
245	1	0	_aSlovakia: A Catching Up Euro Area Member In and Out of the Crisis _h[electronic resource] / _cJarko Fidrmuc ... [et al] = Slovaquie: un membre de la zone euro en rattrapage pendant et après la crise / Jarko Fidrmuc ... [et al]
246	3	1	_aSlovaquie: un membre de la zone euro en rattrapage pendant et après la crise
260			_aParis : _bOECD Publishing, _c2013.
300			_a28 p. ; _c21 x 29.7cm.
490	1		_aOECD Economics Department Working Papers, _x18151973 ; _vno.1019
520	3		_aThe Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment remains stubbornly high. This paper argues that Slovakia joined the euro area after a period of unprecedented real appreciation, which generated a threat for competitiveness of its export-oriented manufacturing industry. The response combined internal devaluation with productivity increasing measures, including capital deepening and laying off low productivity workers. While this strategy was successfully restoring an external equilibrium, its consequences for domestic demand and employment are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies, recently entering the euro area.
650		4	_aEconomics
651		4	_aSlovak Republic
700	1		_aKlein, Caroline.
700	1		_aPrice, Robert. _918823
700	1		_aWörgötter, Andreas.
830		0	_aOECD Economics Department Working Papers, _x18151973 ; _vno.1019.
856	4	0	_aoecd-ilibrary.org _uhttps://s443-doi-org.br.lsproxy.net/10.1787/5k4c9ktpf47g-en
942			_2ddc _cW-PAPER
999			_c365100 _d323662