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Baltic monetary policy in 1998

Jul 16, 1998
By Thomas Grennes

Economic and political institutions continue to evolve in the Baltic countries. After a temporary period of high inflation and declining real income, inflation rates have diminished and real economic growth has returned. Recent economic performance in the Baltics has been among the best in Central and Eastern Europe. In 1997, inflation rates in all three Baltic countries were below those of Poland and Hungary and very close to the Czech Republic. Inflation rates are primarily determined by monet ...

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