Republic of Latvia: Recent Economic Developments

January 23, 1997

Summary

This paper reviews economic developments in Latvia during 1994–96. The paper highlights that developments during this period have been dominated by the after-effects of the fiscal slippage in 1994 and the banking crisis in 1995, although there are signs of a recovery from these adverse episodes. The paper provides an in-depth analysis of selected economic issues facing Latvia. It analyzes the environment for the private-sector development, and reviews interest rate developments, focusing in particular on the treasury-bill market.

Subject: Balance of payments, Banking, Banking crises, Economic sectors, Exchange rates, Financial crises, Financial institutions, Foreign direct investment, Foreign exchange, Privatization, Treasury bills and bonds

Keywords: Baltics, Banking crises, CR, exchange rate peg, Exchange rates, firm, Foreign direct investment, ISCR, private sector development, Privatization, rate, treasury bill, treasury bill market, treasury bill rate, Treasury bill yield, Treasury bills and bonds

Pages:
121
Volume:
1996
DOI:
https://doi.org/10.5089/9781451824407.002
Issue:
143
Series:
Country Report No. 1996/143
Stock No:
1LVAEA0011996
ISBN:
9781451824407
ISSN:
1934-7685

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