Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142483
Authors: 
Kielyte, Julda
Year of Publication: 
2002
Series/Report no.: 
EERI Research Paper Series 01/2002
Abstract: 
Since the beginning of the transition process from centrally planed to market economies, East European countries have experienced relatively high inflation and a market depreciation of their currency. Their monetary systems have gone through dramatic changes in the recent ten years, making the transition from a mono-bank to the traditional autonomous central bank. Some have adopted a currency board arrangement (CBA). Three candidate countries to the European Union (EU) - Bulgaria, Estonia and Lithuania -face the perspective of becoming a full-fledged members of the EU and after of the European Monetary Union (EMU). This paper investigates the issues and advantages of CBAs, especially in three transition countries (Estonia, Lithuania and Bulgaria) in the context of accession to the EU and to the European Monetary Union (EMU).
Subjects: 
European Monetary Union
currency board arrangement
Exchange rate arrangements
CEE
JEL: 
E42
E52
E61
F33
Document Type: 
Working Paper

Files in This Item:
File
Size





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