Republic of Lithuania; Staff Report for the 2009 Article IV Consultation

This 2009 Article IV Consultation highlights that the Lithuanian economy is undergoing a severe adjustment, after years of rapid economic growth and financial integration. With the global financial crisis, the unwinding of the imbalances accumulated during the boom has led to a sharp economic contraction. Capital inflows came to a halt in late 2008 and reversed in 2009, and the current account deficit turned into a surplus. Executive Directors have recognized the authoritiesâ€™ strong commitment to maintain the currency board arrangement, which has served as a useful macroeconomic anchor.

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Year of publication:	2009-12-04
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank soundness \| Banking sector \| Capital \| Central bank policy \| Credit demand \| Currency boards \| Economic growth \| Economic indicators \| Economic recession \| Fiscal consolidation \| Fiscal reforms \| current account \| external debt \| banking \| banking system \| short-term debt \| debt sustainability \| debt restructuring \| currency board \| recapitalization \| public debt \| current account balance \| public sector debt \| capital adequacy \| debt burden \| external debt sustainability \| bank recapitalization \| monetary authority \| deposit insurance \| bank branches \| debt stock \| current expenditure \| foreign exchange \| domestic financing \| bank funding \| repayments \| domestic debt \| capital adequacy ratio \| bank shares \| current account deficit \| banking institutions \| debt ratio \| macroeconomic stability \| central bank \| government deficit \| domestic currency \| liquidity ratio \| bank recapitalizations \| bank restructuring \| bank capital \| balance of payments \| debt dynamics \| government debt \| bank deposits \| external debt burden \| private sector indebtedness \| loan portfolio quality \| banks balance sheet \| banks ? assets \| external liabilities \| external shocks \| debt overhang \| sovereign debt \| retained earnings \| sovereign bond \| bankruptcies \| deposit insurance scheme \| bank asset quality \| interbank market \| bank crisis \| debt burdens \| debt stocks \| banking systems \| total external debt \| external shock \| public finances \| bank policy \| external indebtedness \| long-term debt \| bank equity \| investment bank \| bank lending \| bank asset \| return on assets \| bank loans \| banks ? balance sheets \| foreign debt \| net external debt \| external financing \| return on equity

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/322 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244569