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The Eastern Caribbean Currency Union (ECCU) countries financial system has increasingly come under stress particularly through weakly supervised nonbank and offshore financial sectors with knock-on effects to domestic banks. The staff report focuses on ECCU’s 2009 discussion on common...
Persistent link: https://www.econbiz.de/10011245111
Over the last decade, the Eastern Caribbean Currency Union (ECCU) macroeconomic performance has deteriorated relative to the rest of the Caribbean. Tourism accounts for three-fifths of exports, and the import content of consumption and investment is high. The ECCB-operated quasi-currency board...
Persistent link: https://www.econbiz.de/10011243588
Latvia is facing an inflation shock, slow growth, and geopolitical challenges, while the long-term policy concern is to … sustain the income convergence process. Headline inflation has surged over the past year in Latvia, measuring 12.3 percent y … growth. To secure high long-term growth in a low-inflation environment, Latvia needs to address three structural issues: (i …
Persistent link: https://www.econbiz.de/10015059082
Persistent link: https://www.econbiz.de/10015060161
vulnerabilities are Latvia's significant reliance on imported gas from Russia until recently, the impact of high international energy … prices on inflation and economic activity, and refugee inflows. Thus far, almost 33,000 refugees have entered Latvia …
Persistent link: https://www.econbiz.de/10015060162
This 2014 Cluster Consultation report examines common themes and challenges facing the three Baltic countries—Estonia …, Latvia, and Lithuania. It identifies common features and common challenges, and discusses policies—both national and jointâ …
Persistent link: https://www.econbiz.de/10011244182
This Selected Issues paper focuses on the Baltic model, Baltic–Nordic links, and convergence. The Baltic countries form a distinct group within a tightly integrated Nordic–Baltic region. They are following similar approaches to economic policy, broadly in line with those of...
Persistent link: https://www.econbiz.de/10011244869
This 2015 Article IV Consultation highlights that Estonia's economic growth has slowed following the rebound from the … deep recession in 2009. Although Estonia's economic and institutional fundamentals are among the strongest in the region …
Persistent link: https://www.econbiz.de/10014407941
This Selected Issues paper analyzes income convergence and medium-term growth potential for Estonia. Estonia … second leg of innovation policy, and fully restoring Estonia's high investment …
Persistent link: https://www.econbiz.de/10014407942
Ukraine has triggered a sharp and broad-based downturn for Estonia. Inflation has declined from a peak of 25 percent in August … increasingly broad-based, with core inflation also rising rapidly, despite the widening negative output gap. Estonia's policy mix … labor market shortages, and promote the green and digital transition, this policy mix will help Estonia achieve sustainable …
Persistent link: https://www.econbiz.de/10015059203