The Transition to a Market Economy
Subtitle: Transformation and Reform in the Baltic States
Publisher: Edward Elgar Publishing
Published: January 1997
Language: eng
Format: Hardcover
Number of pages: 280
ISBN-13: 9781858983936
Subjects: Monetary economics; Political economy; Economic Development; Contemporary Politics - Former Soviet Republics; Business / Economics / Finance; Business/Economics; Estonia; Latvia; Lithuania; Economic conditions; Development - Economic Development; Baltic States; Congresses; Economic policy; Post-communism
Description: The Baltic countries of Estonia, Lithuania and Latvia were pioneers among the former Soviet republics in implementing political and economic reforms. Starting in 1988, the transition process in these three countries has been rapid and demonstrates the key role of economic issues in the reform process.

In this important new book, a distinguished group of contributors assesses the current situation and highlights certain theoretical features of the transformation process. They conclude that the Baltic States have, for the moment, succeeded in their aim of stabilizing both the domestic price level and the exchange rate by a combination of responsible fiscal policy and adaptation of a pegged, undervalued exchange rate.