Latvia: Selected Issues and Statistical Appendix

September 15, 1999

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Format: Chicago

Latvia: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 1999) accessed September 19, 2024

Summary

This Selected Issues paper and Statistical Appendix highlights that the strong economic expansion in Latvia that began in 1996 and accelerated in the following year reversed sharply in mid-1998 as a result of both external and domestic shocks. The initial expansion was fueled by accelerating domestic private and public demand, as well as growing demand for Latvia’s output in both new, mostly European Union, and the traditional Commonwealth of Independent States markets. Domestic consumer and investment demand were supported by growing real incomes and tax revenues and pent-up demand carried over from previous years.

Subject: Banking, Capital adequacy requirements, Commercial banks, Competition, Exports, Financial institutions, Financial markets, Financial regulation and supervision, Foreign exchange, International trade, Real effective exchange rates

Keywords: Baltics, Bank, Capital adequacy requirements, Commercial banks, Competition, Competitiveness indicator, CR, Dollar wage, Economy, Europe, Export, Exports, Firm adherence, Global, ISCR, Latvia, Merchandise export growth, Real effective exchange rates, Russia, Transition economy

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/099
Stock No:

1LVAEA0021999
ISBN:

9781451824483
ISSN:

1934-7685

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