Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
The Economic and Financial Development of the Baltic States
In recent years, the Baltic states have shown impressive economic results with high growth rates and a strong dampening of inflation rates achieved by pursuing a consistent fixed-exchange-rate policy. However, inflation is still high, compared to e.g. the EU average, and the fixed-exchange-rate policy has therefore led to substantial appreciation of real exchange rates. In the longer term the current-account deficit should be reduced in order to ensure stable economic development.