- Title Pages
- Series Foreword
- 1 Introduction
- 2 Currency Boards in Historical Perspective
- 3 Why Do Countries Choose Currency Boards?
- 4 Modern Currency Boards: Structural and Institutional Aspects
- 5 Stylized Facts
- 6 Inflation and Disinflation under Alternative Exchange Rate Regimes
- 7 Output Growth and Trade Performance
- 8 Argentina
- 9 Euro-Based Currency Boards: Introduction
- 10 Estonia
- 11 Lithuania
- 12 Bulgaria
- 13 Bosnia and Herzegovina
- 14 Euro-Based Currency Boards: An Assessment
- 15 Conclusions
- Appendix 1: Institutional Characteristics of Modern Currency Boards
- Appendix 2: Data Sources and Definitions
- (p.161) 11 Lithuania
- Currency Boards in Retrospect and Prospect
Wolf Holger C.
Ghosh Atish R.
Ghosh Atish R.
- The MIT Press
This chapter examines Lithuania’s adoption of a currency board arrangement on April 1, 1994. The discussions looks at the board’s structure, monetary and banking policies, the exit debate and preparation for the European Monetary Union (EMU), and the board’s impact on macroeconomic performance.
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