Labor Market Implications Of Switching The Currency Peg In A General Equilibrium Model For Lithuania

Download or read book Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania written by Lodovico Pizzati and published by World Bank Publications. This book was released on 2002 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: On February 2, 2002, Lithuania switched its currency anchor from the dollar to the euro. While pegging to the dollar (since April 1994) has proven successful throughout the transition years, the recent decision to peg to the euro was motivated by the increasing trade relations with European economies. Pizzati does not argue which peg is more appropriate, but he analyzes the implications of changing the exchange rate regime for different sectors and labor groups.