tailieunhanh - CREATIVE ECONOMY REPORT 2008

Based on the analysis, a number of conclusions emerge. The new member states stand to gain substantially from the adoption of the euro. The lower interest rate in the Euro Area will promote catch up growth, while financial stability will be enhanced due to the elimination of exchange rate risk to the euro. Being a member of the Euro Area will make the financing of the large current account deficits easier and less costly. Furthermore it will eliminate the risk of a currency crisis following sharp reversals of capital flows. . | United Nations eport 2008 towards Informed Policy-making UN D p Copyright United Nations 2008 All rights reserved UNCTAD DITC 2008 2 ISBN 978-0-9816619-0-2 Material in this publication may be freely quoted or reprinted as long as acknowledgement is provided with a reference to the source. A copy of the publication containing the quotation or reprint should be sent to the UNCTAD secretariat at Palais des Nations CH-1211 Geneva 10 Switzerland and to the UNDP Special Unit for South-South Cooperation 1 UN Plaza New York NY 10017 USA. This Report is the fruit of a collaborative effort that was led by UNCTAD and the UNDP Special Unit for South-South Cooperation and that included a team of experts from the collaborating UN agencies - UNCTAD UNDP UNESCO WIPO and ITC - as well as international consultants. The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever concerning the legal status of any country territory city or area or concerning the delimitation of its frontiers or boundaries. The English version of the full report and the French and Spanish versions of its overview section are currently available on the Internet at the addresses indicated below http creative-economy and http creative_economy United Nations CRE My eport 2008 J A. Ji Ẫ I The Challenge of Assessing the Creative Economy towards Informed Policy-making UNITED NATIONS UNCTAD UN D