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Republic of Latvia: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper seeks to determine the macroeconomic effects of credit growth in Latvia. To do so, the paper relies on two approaches. First, a vector autoregressive system consisting of domestic credit, real activity, inflation, and the current account is used to determine responses to a positive shock to credit growth. It also calibrates the IMF’s Global Fiscal Model to simulate the macroeconomic effects of Latvia’s financial integration with the European Union and developing financial system. The paper also discusses the balance sheet approach to macroprudential vulnerabilities in Latvia.

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  • International Monetary Fund, 2005. "Republic of Latvia: Selected Issues," IMF Staff Country Reports 2005/277, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/277
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    References listed on IDEAS

    as
    1. Mr. G. Russell Kincaid & Mr. Charles Collyns, 2003. "Managing Financial Crises: Recent Experience and Lessons for Latin America," IMF Occasional Papers 2003/001, International Monetary Fund.
    2. Mr. Brad Setser & Nouriel Roubini & Mr. Christian Keller & Mr. Mark Allen & Mr. Christoph B. Rosenberg, 2002. "A Balance Sheet Approach to Financial Crisis," IMF Working Papers 2002/210, International Monetary Fund.
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    Cited by:

    1. International Monetary Fund, 2006. "Republic of Estonia; Selected Issues," IMF Staff Country Reports 06/419, International Monetary Fund.

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