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IMF and the Baltics: A Decade of Cooperation

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  • Mr. Adalbert Knöbl
  • Mr. Richard D Haas

Abstract

The paper is an economic history of the IMF’s involvement in the Baltic states. It describes and analyzes the initial economic stabilization; the period of consolidation and recovery; the effects of the Russian crisis of 1998; and the current growth phases of Lithuania, Latvia, and Estonia. There is also an assessment of cooperation with the Fund based on interviews with a number of ex-officials. The major conclusion is that the Baltics have been so successful because of their early commitment to change the stabilization and reform policies needed for successful transition, and their ownership of their IMF-supported programs.

Suggested Citation

  • Mr. Adalbert Knöbl & Mr. Richard D Haas, 2003. "IMF and the Baltics: A Decade of Cooperation," IMF Working Papers 2003/241, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2003/241
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    References listed on IDEAS

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    1. Niamh Sheridan & Mr. Alfred Schipke & Ms. Susan M George & Mr. Christian H. Beddies, 2004. "Capital Markets and Financial Intermediation in The Baltics," IMF Occasional Papers 2004/002, International Monetary Fund.
    2. Mr. Michael Marrese & Mr. Mark Scott Lutz & Mr. Tapio Saavalainen & Mr. Vincent Koen & Mr. Biswajit Banerjee & Mr. Thomas Krueger, 1995. "Road Maps of the Transition: The Baltics, the Czech Republic, Hungary, and Russia," IMF Occasional Papers 1995/010, International Monetary Fund.
    3. International Monetary Fund, 2003. "Competitiveness in the Baltics in the Run-Up to EU Accession," IMF Staff Country Reports 2003/114, International Monetary Fund.
    4. International Monetary Fund, 2002. "The Baltics; Medium-Term Fiscal Issues Related to EU and NATO Accession," IMF Staff Country Reports 02/07, International Monetary Fund.
    5. Mr. Daniel Citrin & Ashok Lahiri, 1995. "Policy Experiences and Issues in the Baltics, Russia, and Other Countries of the Former Soviet Union," IMF Occasional Papers 1995/005, International Monetary Fund.
    6. International Monetary Fund, 2003. "Capital Markets and Financial Intermediation in the Baltic States," IMF Staff Country Reports 2003/115, International Monetary Fund.
    7. International Monetary Fund, 2002. "The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession," IMF Occasional Papers 2002/004, International Monetary Fund.
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    Cited by:

    1. Miss Catriona Purfield & Mr. Christoph B. Rosenberg, 2010. "Adjustment Under a Currency Peg: Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09," IMF Working Papers 2010/213, International Monetary Fund.

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