In 2008 Latvia was widely seen as an economic basket case, a textbook example of a boom turned to bust.
Lessons from Latvia
Olivier Blanchard, 15 June 2012
Growing together: Croatia and Latvia
Thorvaldur Gylfason, Eduard Hochreiter, 8 December 2010
Croatia and Latvia regained independence in the early 1990s. While Latvia could promptly start adjusting its policies to prepare for its integration into the EU (and NATO), Croatia suffered a bloody war of independence that, including its political aftermath, set its EU ambitions back by about a decade.
Is Latvia the new Argentina?
Eduardo Levy Yeyati, 22 June 2009
The strategy of engineering an “internal” depreciation under a peg in Latvia (via contractionary fiscal policy, wage cuts and price deflation) implicit in the IMF program (IMF 2009) is proving too painful, if not self-defeating as in the 2001 collapse of Argentina’s currency board (De La Torre et al 2003).
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014