macroeconomic growth in Lithuania. The IMF report discusses the requirement of fiscal consolidation to fully rebuild fiscal space …

In the years 2004-2014 the Lithuania’s exchange rate policy was based on a rigid currency board system. After a period …. However, the consequences of this exchange rate system in the following years (until 2014) prevented Lithuania from meeting … analysis refers to the case of Lithuania and covers the years 2004-2014. The purpose of this analysis is to look at the effects …

data from the interbank market in Lithuania, we estimate the liquidity effect and show that, contrarily to the existent … liquidity information provided by the Central Bank of Lithuania due to the structural impediments of the market …

. Central Banks of Estonia and Lithuania are operating under the currency board arrangement. The main objective was to keep … Lithuania and also in Estonia is too short for definitive conclusions. But, from historical point of view the currency board … Estonia and Latvia have been analysed as well. New monetary and financial institutions introduced in all Baltic states faced …

Estonia has had a currency board arrangement (CBA) for more than 10 years. Due to the successful performance of the … Estonian economy under a CBA the current position of the Bank of Estonia is to maintain its exchange rate regime until full … participation in the EMU, inter alia, during Estonia’s participation in ERM 2. Therefore, it is necessary to analyse the reasons for …

The monetary system in Estonia is based on the currency board arrangement with German Mark. The strong commitments and … rule-based features of currency board imply that there is no active monetary policy in Estonia – all necessarily monetary …