01922cas a2200265 a 4500 AALejournalIMF008175 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851922 1018-5941 BD-DhAAL BD-DhAAL Sutt, Andres. The Estonian Currency Board : Its Introduction and Role in the Early Success of Estonia's Transition to a Market Economy / Andres Sutt, Basil Zavoiceo, Adalbert Knobl. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (23 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 This paper reviews the history of the introduction of the Estonian kroon under a currency board arrangement. On June 20, 1992, Estonia became the first country from the former Soviet Union to abandon the Russian ruble and introduce its own currency. The paper looks at the factors behind this decision and discusses the implementation of the currency reform. It then assesses the economic impact of the reform and also compares Estonia's experience with that of its Baltic neighbors. It concludes that although the currency board arrangement made an important contribution to the early success of Estonia's economic stabilization and reform program, the underlying financial and structural policies were crucial for that success. Mode of access: Internet Knobl, Adalbert. Zavoiceo, Basil. IMF Working Papers; Working Paper ; No. 2002/096 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/096/001.2002.issue-096-en.xml IMF e-Library