The Baltics: Competitiveness on the Eve of EU Accession

Author/Editor: Burgess, Robert ; Fabrizio, Stefania ; Xiao, Yuan
Publication Date: July 07, 2004
Electronic Access: Link to Abstract

Summary: Large current account deficits in Estonia and Latvia, and the continued real appreciation of the exchange rate in Lithuania, have prompted concerns about the competitiveness of the Baltic economies, and called into question the sustainability of their current fixed exchange rate arrangements. Recent external performance, however, appears to be explained more by temporary or cyclical developments than by a deterioration in the underlying competitive position of the Baltic economies. This book assesses the competitive position of the Baltic countries and focuses, in particular, on the viability of the countries’ strategy of maintaining their fixed exchange rates on joining the European Union, participating in its exchange rate mechanism, and then adopting the euro at the earliest possible date.
Subject(s): Baltic countries | Estonia | European Union | Exports | Labor productivity | Latvia | Lithuania | Real effective exchange rates

Publication Date: July 07, 2004
ISBN/ISSN: 978-1-58906-326-6 Format: Paper
Stock No: ISIEA0042004 Pages: 79
US$25.00 (Academic Rate:
US$25.00 )
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