Cross-country study. Economic policy challenges in the Baltics: rebalancing in an uncertain environment
Publications Office of the European Union - Luxembourg
2010
103 p.
budgetary resources ; economic development ; economic recession ; financial policy ; macroeconomics ; statistics ; economic convergence
European Economy. Occasional Papers
58
Economic development
English
978-92-79-15024-1
"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. "
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