The Lithuanian Way to European Monetary Union
DOI:
https://doi.org/10.18778/2082-4440.11.01Keywords:
litas, euro, euro convergence criteriaAbstract
The main purpose of this paper is to show the Lithuanian way to European Monetary Union in the period since the initiation of the economic transformation in that country in the early 1990s. At first, a brief analysis of the factors which impede and make the development of the Lithuanian economy more dynamic is made. Then the measures taken to overcome the crisis which badly affected the Lithuanian economy in 2009, and efforts to meet the convergence criteria of the Maastricht Treaty, are described. The final part of the study focuses on the technical aspects of the introduction of the euro and outlines the expected benefits for Lithuania related to the accession to the eurozone.
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