Baltic Cluster Report: Selected Issues

May 8, 2014

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Baltic Cluster Report: Selected Issues, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

This Selected Issues paper focuses on the Baltic model, Baltic–Nordic links, and convergence. The Baltic countries form a distinct group within a tightly integrated Nordic–Baltic region. They are following similar approaches to economic policy, broadly in line with those of Northern European and the Anglo-Saxon countries. Their macroeconomic policies are generally robust. The paper examines the possible causes of the creditless recoveries in the Baltic countries. It characterizes their experience in comparison with other episodes of creditless recoveries in both advanced and emerging market economies, and also investigates demand and supply constraints to credit expansion in the Baltics.

Subject: Credit, Exports, International trade, Labor, Labor taxes, Money, Structural unemployment, Taxes, Unemployment

Keywords: Baltic country, Baltics, Country pair, CR, Credit, Credit growth, Export, Export sector, Exports, FDI, Global, Higher-income country, ISCR, Labor taxes, Structural unemployment, Unemployment, Western Europe

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/117
Stock No:

1BLTEA2014002
ISBN:

9781484378267
ISSN:

1934-7685

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