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Of the new members entering the European Union (EU) in May 2004, several had achieved a decade of impressive export growth, expanding significantly their shares of world markets. The empirical analysis shows that over the period 1994–2004, quality and technology upgrading associated with the...
Persistent link: https://www.econbiz.de/10014404829
With the resumption in growth, the economic recession triggered by the Russian crisis has ended. Additional efforts will be needed to reduce the current account deficit and increase its financing. The IMF staff commend the intention to streamline tax benefits granted to enterprises and to...
Persistent link: https://www.econbiz.de/10014401901
international financial market tensions. The Bank of Latvia has strengthened its liquidity management framework. Program … implementation to date has helped insulate Latvia from the recent international financial market turmoil …
Persistent link: https://www.econbiz.de/10014402347
Policy efforts in Latvia have supported stabilization. Immediate risks are much lower, but medium-term challenges …
Persistent link: https://www.econbiz.de/10014402348
The paper examines labor market developments in the four hard-peg European Union (EU) accession candidates during transition, with a view toward understanding the persistent high unemployment experienced in each country. Despite the significant levels of unemployment in all four countries, labor...
Persistent link: https://www.econbiz.de/10014402526
Terrorism (AML/CFT) for the Republic of Latvia. The assessment reveals that aspects of Latvia’s financial services market expose …
Persistent link: https://www.econbiz.de/10014404818
The Latvian economy has made remarkable strides, combining macroeconomic stability with rapid income convergence. An upfront policy tightening is needed to contain near-term overheating and secure a soft landing. Fiscal restraint is needed to counter the sizable demand stimulus already in play....
Persistent link: https://www.econbiz.de/10014405305
The external imbalances that accompanied Latvia’s integration into the global economy have generated mixed effects …. Stabilizing net foreign liabilities will require an improvement in the goods and services balance. Outward migration from Latvia … examine macroeconomic and prudential aspects of the rapid growth of lending in Latvia …
Persistent link: https://www.econbiz.de/10014405363
in Latvia has maintained its momentum. GDP grew 71⁄2 percent in 2003 and 83⁄4 percent year over year in the first quarter …
Persistent link: https://www.econbiz.de/10014405686
This paper discusses a request from the Republic of Latvia for a Stand-By Arrangement. The Latvian authorities are … international effort. The program is centered on maintaining Latvia’s exchange rate peg through strong domestic policies and …
Persistent link: https://www.econbiz.de/10014405818