In the years 2004-2014 the Lithuania's exchange rate policy was based on a rigid currency board system. After a period … of uncontested success in the fight against inflation in the first decade of the transition and economic growth, entering …. However, the consequences of this exchange rate system in the following years (until 2014) prevented Lithuania from meeting …

In the years 2004-2014 the Lithuania's exchange rate policy was based on a rigid currency board system. After a period … of uncontested success in the fight against inflation in the first decade of the transition and economic growth, entering …. However, the consequences of this exchange rate system in the following years (until 2014) prevented Lithuania from meeting …

monetary expansion and inflation under control. Lithuania undertook several currency reforms. After two year experience of the … the economy due to the sharp fall of the inflation. The currency board system has been proposed as a reasonable solution …. Central Banks of Estonia and Lithuania are operating under the currency board arrangement. The main objective was to keep …