IMF and the Baltics: A Decade of Cooperation

December 1, 2003

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Format: Chicago

Adalbert Knöbl, and Richard D Haas. IMF and the Baltics: A Decade of Cooperation, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper is an economic history of the IMF’s involvement in the Baltic states. It describes and analyzes the initial economic stabilization; the period of consolidation and recovery; the effects of the Russian crisis of 1998; and the current growth phases of Lithuania, Latvia, and Estonia. There is also an assessment of cooperation with the Fund based on interviews with a number of ex-officials. The major conclusion is that the Baltics have been so successful because of their early commitment to change the stabilization and reform policies needed for successful transition, and their ownership of their IMF-supported programs.

Subject: Banking, Budget planning and preparation, Currencies, Currency boards, Fiscal policy, Foreign exchange, Macrostructural analysis, Money, Public financial management (PFM), Structural reforms

Keywords: Authorities of the logic, Baltic country, Baltics, Budget planning and preparation, Country authorities, Currencies, Currency board, Currency boards, Currency reform, Estonian authority, Fund staff, Government intervention, Latvian authorities, Lithuanian authorities, Monetary policy, Policy advice, Structural reforms, Transition to market economy, WP

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/241
Stock No:

WPIEA2412003
ISBN:

9781451875829
ISSN:

1018-5941

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