The Baltic Economies and the Marked out Route to Membership in the European Monetary Union

Iordanka Stateva

Economic Studies journal, 2015, issue 1, 37-65

Abstract: The research paper presents analysis of policies and problems in Estonia, Latvia and Lithuania on their way to the European monetary union. At the beginning of the 1990s the Baltic countries and Bulgaria have similar problems and economic indicators and they embark on their way to establishing a market economy infrastructure in economic and political chaos. In the middle of the second decade of the 21st century the differences are substantial. The marked out route to the monetary union contains important lessons and the most significant economic comparisons for Bulgaria. The success of the Baltic countries is determined by the strategic choices made in the beginning of the 1990s and the remarkable perseverance based on political will for tough but unavoidable reforms and achieving real convergence as members of a union with developed European countries.

JEL-codes: E60 F45 H12 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2015:i:1:p:37-65

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