The Baltics: Competitiveness on the Eve of EU Accession by Yuan Xiao,Robert Burgess,Stefania Fabrizio

By Yuan Xiao,Robert Burgess,Stefania Fabrizio

huge present account deficits in Estonia and Latvia, and the ongoing actual appreciation of the alternate cost in Lithuania, have triggered matters concerning the competitiveness of the Baltic economies, and known as into query the sustainability in their present fastened alternate cost preparations. fresh exterior functionality, despite the fact that, seems to be defined extra by way of transitority or cyclical advancements than by way of a deterioration within the underlying aggressive place of the Baltic economies. This publication assesses the aggressive place of the Baltic nations and focuses, specifically, at the viability of the nations’ technique of holding their fastened trade premiums on becoming a member of the eu Union, engaging in its trade fee mechanism, after which adopting the euro on the earliest attainable date.

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