Growth, Nontradables, and Price Convergence in the Baltics /

This paper reviews the recent real exchange rate appreciation observed in the three Baltic countries. Until now, this phenomenon may be viewed primarily as a consequence of the undervalued real exchange rates of the new currencies. Looking ahead, a tendency for continued real appreciation is to be e...

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Bibliographic Details
Main Author: Richards, Anthony
Other Authors: Tersman, Gunnar
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/045
Online Access:Full text available on IMF