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Baltic Monetary Regimes in the XX1st Century

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Abstract

"The three Baltic states left the ruble system shortly after independence, with both Estonia and Lithuania opting for a currency board system -- the former pegging its kroon to the DM, but the latter linked the litas to USD. After a brief period with a temporary currency, the Latvian ruble, Latvia returned to the lats in 1993 and eventually defined it in terms of the SDR. As all three countries have applied to EU membership, a number of political and technical issues need to be resolved before their incorporation in the EMU."

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  • George Viksnins, 2000. "Baltic Monetary Regimes in the XX1st Century," Working Papers 00-02, Georgetown University, Department of Economics.
    • Handle: RePEc:geo:guwopa:gueconwpa~00-00-02
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    File URL: http://www.georgetown.edu/faculty/viksning/papers/Wfest.htm
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    Cited by:

    1. Pieter van Foreest & Casper de Vries, 2003. "The Forex Regime and EMU Expansion," Open Economies Review, Springer, vol. 14(3), pages 285-298, July.

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