Republic of Latvia: Selected Issues

August 10, 2005

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Republic of Latvia: Selected Issues, (USA: International Monetary Fund, 2005) accessed September 20, 2024

Summary

This Selected Issues paper seeks to determine the macroeconomic effects of credit growth in Latvia. To do so, the paper relies on two approaches. First, a vector autoregressive system consisting of domestic credit, real activity, inflation, and the current account is used to determine responses to a positive shock to credit growth. It also calibrates the IMF’s Global Fiscal Model to simulate the macroeconomic effects of Latvia’s financial integration with the European Union and developing financial system. The paper also discusses the balance sheet approach to macroprudential vulnerabilities in Latvia.

Subject: Balance of payments, Banking, Consumer credit, Credit, Currencies, Current account deficits, Domestic credit, Money

Keywords: Baltics, Bank, Central and Eastern Europe, Consumer credit, CR, Credit, Credit expansion, Credit growth, Currencies, Current account deficits, Domestic credit, Eastern Europe, Foreign currency, Global, ISCR, Latvia, Liquidity mismatch, Maturity mismatch, NRD bank, NRDs, Western Europe

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/277
Stock No:

1LVAEA2005001
ISBN:

9781451824568
ISSN:

1934-7685

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