Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09 /

The paper traces the Baltics' adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics under...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Purfield, Catriona
Weitere Verfasser: Rosenberg, Christoph
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2010.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2010/213
Online Zugang:Full text available on IMF

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