Competitiveness in the Baltics in the Run-Up to EU Accession

Author/Editor:

International Monetary Fund

Publication Date:

April 28, 2003

Electronic Access:

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Summary:

This paper analyzes competitiveness in the Baltics in the run-up to European Union accession. Several factors appear to have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the earlier years of transition, price liberalization, increased demand for services and other nontradables, and shifts in domestic production and exports toward higher valued-added products contributed to real appreciation through higher measured inflation. The strength of the real appreciation during these years appears to also reflect the correction of an initial undervaluation of exchange rates.

Series:

Country Report No. 03/114

Subject:

English

Publication Date:

April 28, 2003

ISBN/ISSN:

9781451805376/1934-7685

Stock No:

1BLTEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

64

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