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The current state of Latvia can be best described in medical terms: the patient is pale, but alive. The financial woes … the fabric of social and political life in Latvia. This paper looks at the economic, social and political consequences of … the recent financial crisis and the ensuing economic collapse in Latvia and suggests some remedial actions. …
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Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector. Watt proposes that the ECB finances public investment directly, while Pâris and Wyplosz contend that public debt may be effectively restructured by burying parts of it in the...
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The cost-benefit-analysis represents for the public sector the same as investment projections mean for private enterprise. This method is still in its experimental stage, but it is becoming more and more sophisticated and is already widely used also by national agencies active in the field of...
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