The Baltic Countries: From Economic Stabilization to EU AccessionMr.Julian Berengaut, Mr.Pietro Garibaldi, Mr.Dennis Jones, Ms.Françoise Le Gall, Ms.L. Effie Psalida, Mr.Jerald Alan Schiff, Mr.Richard E. Stern, Ms.Kerstin Westin, Mr.Augusto López-Claros International Monetary Fund, 1998 M11 25 - 87 pages Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union? Have their economies overcome the problems of transition? The answers to these questions and their implications for policy are provided in this collection of analyses. Rather than a country-by-country description, the volume provides a cross-country perspective of developments from 1994 through mid-1997. The seven sections of this paper discuss recent macroeconomic and structural policies, exchange rate regimes, fiscal issues, financial systems, private sector development, and accession to the European Union. |
Contents
IV | 24 |
Restructuring the Banking System | 48 |
Private Sector Development | 54 |
Policies and Program Design to Remove Obstacles | 61 |
Figures | 75 |
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Common terms and phrases
activity assets associated countries Baltic coun Baltic countries Bank of Estonia banking crises banking sector banking system benefits borrowing budget capital markets central and eastern central bank central government constraints crisis criteria currency board arrangement deposit domestic early eastern Europe EBRD economic effective enterprises Estonia and Lithuania Europe Agreements European expenditure export Financial Intermediation financial markets financial sector financial system firms fiscal policy foreign direct investment growth IMF Staff implementation important increase inflation interest rates International Monetary Fund issues Latvia and Lithuania laws legislation lending loans macroeconomic market economy membership ment monetary policy nancial nomic operations pension percent of bank's percent of GDP Poland pre-accession private sector development problem progress prudential reform restructuring revenue Riga Stock Exchange securities social stability structural Tallinn Stock Exchange three Baltic countries three countries tion trade transition economies U.S. dollar Washington
References to this book
Building Capitalism: The Transformation of the Former Soviet Bloc Anders Åslund Limited preview - 2002 |
Economic Policy in Eastern Europe: Were Currency Boards a Solution? Iliana Zloch-Christy No preview available - 2000 |