01738cas a2200241 a 4500 AALejournalIMF002034 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854992 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Lithuania : History and Future of the Currency Board Arrangement. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper examines the evolution of the institutional setup of Lithuania's Currency Board Arrangement (CBA) and competitiveness from 1994 through 2001, with a view to determining the resilience of the Lithuanian CBA to external shocks in 2002-03. First, several indicators of competitiveness are analyzed in the context of productivity gains and flexibility of the labor market and prices are considered. Then, the equilibrium exchange rate and misalignments of the actual rate from it are estimated in a cointegration framework. The paper concludes that, under current policies, the CBA would be able to cope with sizable external shocks during 2002-03 provided supporting policies remain in place. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/127 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/127/001.2002.issue-127-en.xml IMF e-Library