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Baltic Monetary Regimes in the XX1st Century


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    "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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    Paper provided by Georgetown University, Department of Economics in its series Working Papers with number 00-02.

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    Date of creation: Jun 2000
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    Handle: RePEc:geo:guwopa:gueconwpa~00-00-02

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    Postal: Georgetown University Department of Economics Washington, DC 20057-1036
    Phone: 202-687-6074
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    Postal: Roger Lagunoff Professor of Economics Georgetown University Department of Economics Washington, DC 20057-1036

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    Cited by:
    1. Pieter W. van Foreest & Casper G. de Vries, 2002. "The Forex Regime and EMU Expansion," Tinbergen Institute Discussion Papers 02-010/2, Tinbergen Institute.


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