Lithuania: History and Future of the Currency Board Arrangement
The paper examines the evolution of the institutional setup of Lithuania''s Currency Board Arrangement (CBA) and competitiveness from 1994 through 2001, with a view to determining the resilience of the Lithuanian CBA to external shocks in 2002-03. First, several indicators of competitivene...
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Körperschaft: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/127 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The paper examines the evolution of the institutional setup of Lithuania''s Currency Board Arrangement (CBA) and competitiveness from 1994 through 2001, with a view to determining the resilience of the Lithuanian CBA to external shocks in 2002-03. First, several indicators of competitiveness are analyzed in the context of productivity gains and flexibility of the labor market and prices are considered. Then, the equilibrium exchange rate and misalignments of the actual rate from it are estimated in a cointegration framework. The paper concludes that, under current policies, the CBA would be able to cope with sizable external shocks during 2002-03 provided supporting policies remain in place |
Beschreibung: | 1 Online-Ressource (35 p) |
ISBN: | 1451854994 9781451854992 |
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spelling | International Monetary Fund Verfasser aut Lithuania History and Future of the Currency Board Arrangement Washington, D.C International Monetary Fund 2002 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/127 The paper examines the evolution of the institutional setup of Lithuania''s Currency Board Arrangement (CBA) and competitiveness from 1994 through 2001, with a view to determining the resilience of the Lithuanian CBA to external shocks in 2002-03. First, several indicators of competitiveness are analyzed in the context of productivity gains and flexibility of the labor market and prices are considered. Then, the equilibrium exchange rate and misalignments of the actual rate from it are estimated in a cointegration framework. The paper concludes that, under current policies, the CBA would be able to cope with sizable external shocks during 2002-03 provided supporting policies remain in place Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/04322-9781451854992/04322-9781451854992/04322-9781451854992.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lithuania History and Future of the Currency Board Arrangement |
title | Lithuania History and Future of the Currency Board Arrangement |
title_auth | Lithuania History and Future of the Currency Board Arrangement |
title_exact_search | Lithuania History and Future of the Currency Board Arrangement |
title_exact_search_txtP | Lithuania History and Future of the Currency Board Arrangement |
title_full | Lithuania History and Future of the Currency Board Arrangement |
title_fullStr | Lithuania History and Future of the Currency Board Arrangement |
title_full_unstemmed | Lithuania History and Future of the Currency Board Arrangement |
title_short | Lithuania |
title_sort | lithuania history and future of the currency board arrangement |
title_sub | History and Future of the Currency Board Arrangement |
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