ILIANA ZLOCH-CHRISTY has been a faculty associate at Harvard University and St. Antony's College, Oxford. She is currently with the University of Vienna. Her earlier books include Eastern Europe in a Time of Change (Praeger, 1994) and Privatization and Foreign Investments in Eastern Europe (Praeger, 1995).

• Preface Introduction by Iliana Zloch-Christy Economic Policy in Post-Communist Eastern Europe Challenges of Economic Policy in Post-Communist Transition by Grzegorz Kolodko Currency Convertibility in the Transforming Economies by Richard N. Cooper Currency Board Arrangements Why Currency Boards? by Ikka Korhonen, Pekka Sutela, Niina Pautola, and Iliana Zloch-Christy Currency Boards in International Perspective by Niina Pautola Currency Boards in the Baltics by Pekka Sutela and Ikka Korhonen The Currency Board in Estonia by Vello Vensel and Mart Sorg The Currency Board in Bulgaria: Is It a Solution or the Economic Consequences of Failed Reforms by Iliana Zloch-Christy Conclusion Selected Bibliography Index

ILIANA ZLOCH-CHRISTY has been a faculty associate at Harvard University and St. Antony's College, Oxford. She is currently with the University of Vienna. Her earlier books include Eastern Europe in a Time of Change (Praeger, 1994) and Privatization and Foreign Investments in Eastern Europe (Praeger, 1995).

• Preface Introduction by Iliana Zloch-Christy Economic Policy in Post-Communist Eastern Europe Challenges of Economic Policy in Post-Communist Transition by Grzegorz Kolodko Currency Convertibility in the Transforming Economies by Richard N. Cooper Currency Board Arrangements Why Currency Boards? by Ikka Korhonen, Pekka Sutela, Niina Pautola, and Iliana Zloch-Christy Currency Boards in International Perspective by Niina Pautola Currency Boards in the Baltics by Pekka Sutela and Ikka Korhonen The Currency Board in Estonia by Vello Vensel and Mart Sorg The Currency Board in Bulgaria: Is It a Solution or the Economic Consequences of Failed Reforms by Iliana Zloch-Christy Conclusion Selected Bibliography Index

ILIANA ZLOCH-CHRISTY has been a faculty associate at Harvard University and St. Antony's College, Oxford. She is currently with the University of Vienna. Her earlier books include Eastern Europe in a Time of Change (Praeger, 1994) and Privatization and Foreign Investments in Eastern Europe (Praeger, 1995).

• Preface Introduction by Iliana Zloch-Christy Economic Policy in Post-Communist Eastern Europe Challenges of Economic Policy in Post-Communist Transition by Grzegorz Kolodko Currency Convertibility in the Transforming Economies by Richard N. Cooper Currency Board Arrangements Why Currency Boards? by Ikka Korhonen, Pekka Sutela, Niina Pautola, and Iliana Zloch-Christy Currency Boards in International Perspective by Niina Pautola Currency Boards in the Baltics by Pekka Sutela and Ikka Korhonen The Currency Board in Estonia by Vello Vensel and Mart Sorg The Currency Board in Bulgaria: Is It a Solution or the Economic Consequences of Failed Reforms by Iliana Zloch-Christy Conclusion Selected Bibliography Index