EconStor >
Ernst-Moritz-Arndt-Universität Greifswald >
Rechts- und Staatswissenschaftliche Fakultät, Universität Greifswald >
Wirtschaftswissenschaftliche Diskussionspapiere, Universität Greifswald >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/22098
  
Title:Estonian Monetary System: Reconstruction, Performance, and Future Prospects PDF Logo
Authors:Sõrg, Mart
Issue Date:2004
Series/Report no.:Wirtschaftswissenschaftliche Diskussionspapiere / Ernst-Moritz-Arndt-Universität Greifswald, Rechts- und Staatswissenschaftliche Fakultät 11/2004
Abstract:Nearly twenty years have passed since the beginning of the transition from the planned economy to the market economy system in Estonia. A successful transition to a market economy requires a sound currency and Estonia introduced its own currency in June 1992. Estonia has been quite successful in achieving economic stability and growth and steadily declining inflation. An essential element of Estonia?s economic development success has been the currency board-based monetary system that has served as a signal of commitment to prudent monetary policy and as a guarantee of sound money during the transition period. We discuss the experience of operating the currency board in Estonia and future prospects of the currency board arrangement in Estonia in the framework of the European Union and the future joining the Economic and Monetary Union.
Subjects:monetary system
currency reform
currency board
monetary policy
JEL:E5
E42
Document Type:Working Paper
Appears in Collections:Wirtschaftswissenschaftliche Diskussionspapiere, Universität Greifswald

Files in This Item:
File Description SizeFormat
11_2004.pdf286.06 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/22098

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.