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Cross-country study: Economic policy challenges in the Baltics

Author(s): European Commission

Cross-country study: Economic policy challenges in the Balticspdf(2 MB) Choose translations of the previous link 

Summary for non-specialistspdf(72 kB) Choose translations of the previous link 

The study reviews the process of economic transformation in Estonia, Latvia and Lithuania from the early years of these countries' regained independence to the current downturn. In particular, the study examines macroeconomic and budgetary developments and policy, real and financial integration with the rest of the EU and medium-term challenges to optimise growth prospects. The emphasis lies on inferring policy lessons for small open economies undergoing rapid real and financial convergence, including the positive contribution which pursuing prudent policies over the medium term can make, also at a time of a crisis.

(European Economy. Occasional Papers 58. February 2010. Brussels. Internet only. 106pp. Tab. Graph. Ann. Bibliogr. Free.)

KC-AH-10-058-EN-C (online)
ISBN 978-92-79-15024-1 (online)
ISSN 1725-3187 (online)
doi: 10.2765/39481 (online)

Occasional Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and cover a wide spectrum of subjects. Views expressed in unofficial documents do not necessarily reflect the official views of the European Commission.

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