La monnaie comme projet politique: restauration monétaire et currency board en Lituanie, 1988-1994

Jerome Blanc

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Abstract: The starting point of this chapter is a question on the paradox of the setting up of a currency board, which formally suppresses any possibility of monetary policy, in a brand new independent country that particularly sought to restore its monetary sovereignty. The chapter makes clear the socio-political conditions of these monetary developments. It distinguishes two strong overlapping periods: the monetary restoration (June 1988-, 1993) and the project of a currency board (April 1990-, 1994). These two projects, which seems at first contradictory, actually appear to be articulated because they do not rely on the same logics and they do not engage the same forms of trust. Money finally appears, in Lithuania, as a political project in its very essence.

Keywords: Lithuania. Monetary institutions. National currency. Sovereignty. Currency board. Trust.; Lituanie. Institutions monétaires. Monnaie nationale. Souveraineté. Currency board. Confiance; Lituanie. Institutions monétaires. Monnaie nationale. Souveraineté. Currency board. Confiance. (search for similar items in EconPapers)
Date: 2007
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00144894v2
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Published in Bruno Théret. La monnaie dévoilée par ses crises. Crises monétaires d'hier et d'aujourd'hui, 1, Editions de l'EHESS, pp./, 2007

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