1. Cf. Rainer Schweickert: Alternative Strategies for Real Devaluation and the Sequencing of Economic Reforms in Developing Countries, in: Kyklos, Vol. 46, 1993, pp. 65–85; Rainer Schweickert: Stabilization and Real Adjustment in Emerging Market Economies—What Can be Learned from Macroeconomic Reforms in the Southern Cone? in: INTERECONOMICS, Vol. 29, 1994, pp. 244–252. For the discussion of the underlying Dornbusch/Corden type model, cf. Rainer Schweickert: Implikationen alternativer geldund wechselkurspolitischer Regeln im Transformationsprozeß, in: Kredit & Kapital, Vol. 26, No. 2, 1993, pp. 205–229.
2. Cf. Lucian Orlowski: The disintegration of the ruble zone: driving forces and proposals for policy change, in: Außenwirtschaft, Vol. 49, 1994, pp. 101–129.
3. For the discussion of the exchange rate policies of Belarus and the Ukraine, cf. Rainer Schweickert: Currency Reforms in the Former Societ Union (FSU)—on the Importance of Macroeconomic Constraints, Kiel Institute of World Economics, Kiel Working Papers, No. 670, Kiel 1995.
4. For details, cf. Claudia M. Buch, Michael J. Koop, Rainer Schweickert, Hartmut Wolf: Währungsreformen im Vergleich: Analyse und Bewertung monetärer Strategien in Rußland, Weißrußland, der Ukraine und Estland, Kiel Studies, 270, Tübingen 1995, forthcoming.
5. For details of the Estonian Currency Board, cf. e.g. Adam G. G. Bennett: The Operation of the Estonian Currency Board, in: IMF Staff Papers, Vol. 40, 1993, pp. 451–470; Seija Leinela: Currency Reforms in the Baltic States, in: Communist Economies and Economic Transformation, Vol. 5, 1993, pp. 427–443.