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 the ERM II in 2004 and efforts to adopt the euro were...

Among the Central-Eastern Europe countries which joined the European Union in 2004 only three – the smallest (Slovenia, Slovakia and Estonia) – joined the Eurozone. Within these economies the process of currency integration was diversified in respect to their previously used systems of...

Among the Central-Eastern Europe countries which joined the European Union in 2004 only three – the smallest (Slovenia, Slovakia and Estonia) – joined the Eurozone. Within these economies the process of currency integration was diversified in respect to their previously used systems of...

The model of the macroeconomic stabilisation pentagon allows for a quick insight into the most important macroeconomic indicators of an economy in question. On the basis of this concept -?comparing pentagrams for particular years - changes of the economic condition of countries can be examined....

An active exchange rate policy is used to implement the economic goals set by the monetary authorities. One of them may be to promote the competitiveness of the economy. In recent years, China is an interesting example of an active exchange rate policy. Its current position on the world market...

This article aims at answering the question about the course of evolution of contemporary international monetary system (sometimes called „non-system”): which tendency is prevailing, to integrate or to disintegrate? This research focuses on the cross-sectional analysis of the key elements of...

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 the ERM II in 2004 and efforts to adopt the euro were...