Lessons from Latvia

Olivier Blanchard, 15 June 2012

a

A

In 2008 Latvia was widely seen as an economic basket case, a textbook example of a boom turned to bust.

Topics: Macroeconomic policy
Tags: global crisis, IMF, Latvia

Growing together: Croatia and Latvia

Thorvaldur Gylfason, Eduard Hochreiter, 8 December 2010

a

A

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.

Topics: Development, Europe's nations and regions
Tags: Croatia, Eastern Europe, Latvia

Is Latvia the new Argentina?

Eduardo Levy Yeyati, 22 June 2009

a

A

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).

Topics: Europe's nations and regions
Tags: currency crisis, euroisation, Latvia

Vox eBooks