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dc.contributor.authorSõrg, Marten_US
dc.description.abstractNearly 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.en_US
dc.publisherUniversität Greifswald, Rechts- und Staatswissenschaftliche Fakultät Greifswald-
dc.relation.ispartofseriesWirtschaftswissenschaftliche Diskussionspapiere / Ernst-Moritz-Arndt-Universität Greifswald, Rechts- und Staatswissenschaftliche Fakultät 11/2004en_US
dc.subject.keywordmonetary systemen_US
dc.subject.keywordcurrency reformen_US
dc.subject.keywordcurrency boarden_US
dc.subject.keywordmonetary policyen_US
dc.subject.stwCurrency Boarden_US
dc.titleEstonian Monetary System: Reconstruction, Performance, and Future Prospectsen_US
dc.typeWorking Paperen_US
Appears in Collections:Wirtschaftswissenschaftliche Diskussionspapiere, Universität Greifswald

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