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Republic of Latvia: Selected Issues

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  • International Monetary Fund

Abstract

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 has raised concerns about social and economic stresses that could intensify in the near future if labor flow increases. Several steps have to be taken to mitigate any adverse consequences of outward migration. The purpose of this paper is to examine macroeconomic and prudential aspects of the rapid growth of lending in Latvia.

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  • International Monetary Fund, 2006. "Republic of Latvia: Selected Issues," IMF Staff Country Reports 2006/354, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/354
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    References listed on IDEAS

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    1. Peter Backé & Balázs Égert, 2006. "Credit Growth in Central and Eastern Europe: New (Over)Shooting Stars?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 112-139.
    2. Philip Lowe & Claudio Borio, 2002. "Asset prices, financial and monetary stability: exploring the nexus," BIS Working Papers 114, Bank for International Settlements.
    3. Frédéric Boissay & Oscar Calvo-Gonzalez & Tomasz Kozluk, 2006. "Is Lending in Central and Eastern Europe Developing Too Fast?," Chapters, in: Klaus Liebscher & Josef Christl & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), Financial Development, Integration and Stability, chapter 14, Edward Elgar Publishing.
    4. International Monetary Fund, 2005. "Adopting the Euro in Central Europe: Challenges of the Next Step in European Integration," IMF Occasional Papers 2005/004, International Monetary Fund.
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    Cited by:

    1. Mr. Athanasios Vamvakidis, 2008. "Convergence in Emerging Europe: Sustainability and Vulnerabilities," IMF Working Papers 2008/181, International Monetary Fund.
    2. David Vávra & Ms. Inci Ötker & Barry Topf & Zbigniew Polanski, 2007. "Coping with Capital Inflows: Experiences of Selected European Countries," IMF Working Papers 2007/190, International Monetary Fund.

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