Republic of Latvia: Selected Issues

October 12, 2006

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Republic of Latvia: Selected Issues, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

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.

Subject: Balance of payments, Bank credit, Banking, Current account deficits, Exports, Financial institutions, International trade, Loans, Migration, Money, Population and demographics

Keywords: Africa, Bank, Bank credit, Capital-labor ratio, CR, Current account deficit, Current account deficits, East Asia, Eastern Europe, Europe, Exports, GDP, GDP growth, Global, ISCR, Labor force, Labor productivity, Latvia, Loan, Loans, Middle East, Migration, South Asia

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/354
Stock No:

1LVAEA2006002
ISBN:

9781451824599
ISSN:

1934-7685

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