Republic of Lithuania: Staff Report for the 2009 Article IV Consultation
Electronic Access:
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Summary:
This 2009 Article IV Consultation highlights that the Lithuanian economy is undergoing a severe adjustment, after years of rapid economic growth and financial integration. With the global financial crisis, the unwinding of the imbalances accumulated during the boom has led to a sharp economic contraction. Capital inflows came to a halt in late 2008 and reversed in 2009, and the current account deficit turned into a surplus. Executive Directors have recognized the authorities’ strong commitment to maintain the currency board arrangement, which has served as a useful macroeconomic anchor.
Series:
Country Report No. 2009/322
Subject:
Banking Credit External debt Financial institutions Fiscal consolidation Fiscal policy Labor Loans Money Real effective exchange rates Wages
English
Publication Date:
December 4, 2009
ISBN/ISSN:
9781451824223/1934-7685
Stock No:
1LTUEA2009001
Pages:
57
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