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Kristīne Drēviņa

23 July 2007
LEGAL WORKING PAPER SERIES - No. 5
Legal and institutional aspects of the currency changeover following the restoration of the independence of the Baltic states
English
Details
Abstract
In the monetary reforms that took place in the Baltic States in the 1990s, two approaches were taken for breaking away from the rouble zone: one of them constituted a rapid changeover (Estonia), and the other one was relatively smoother, being made in two stages and involving the use of interim currencies (Latvia and Lithuania). Part 1 of this paper sets out the general considerations common to the currency changeover in the Baltic States, while part 2 examines the two above mentioned approaches in detail, first focusing on the Estonian experience and second on that of Latvia and Lithuania. The paper concludes with a summary.
JEL Code
K : Law and Economics