Estonia and Euro Adoption: Small Country Challenges of Joining EMU
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Estonia gave up the exchange rate and monetary policy tools of macroeconomic management when it introduced its currency board in 1992. While the currency board arrangement served the country well during transition in the 1990s, it offers limited flexibility to implement policies that would ease the EU convergence as well as mitigate the global...
