{
  "title": "Republic of Latvia: Selected Issues",
  "publication": "IMF Staff Country Reports, August 16, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-latvia-selected-issues-17639",
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  "summary": "This Selected Issues paper assesses whether Latvia’s strategy to enter ERM2 and adopt the euro is appropriate. The paper examines the possibility of an exchange rate misalignment from various perspectives.",
  "sections": [
    {
      "heading": "Assessment of ERM2 entry and euro adoption strategy",
      "content": "- Evaluates whether Latvia’s strategy to enter ERM2 and adopt the euro is appropriate.\n- Examines the possibility of an exchange rate misalignment from various perspectives.\n- Considers the possibility that central bank foreign exchange interventions have maintained the exchange rate artificially away from equilibrium.\n- Core finding: the paper finds little evidence of a major misalignment."
    },
    {
      "heading": "Exchange rate, competitiveness, and equilibrium analysis",
      "content": "- Considers different notions of the real effective exchange rate and competitiveness.\n- Examines deviations of the exchange rate from statistically defined equilibrium concepts.\n- Investigates the role of central bank foreign exchange interventions in affecting exchange rate alignment."
    },
    {
      "heading": "Inflation analysis and modeling",
      "content": "- The paper also analyzes modeling inflation in Latvia."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: August 16, 2004\n- Pages: 46\n- Volume: 2004\n- Issue: 261\n- Series: Country Report No. 2004/261\n- DOI: https://doi.org/10.5089/9781451824544.002\n- Stock No: 1LVAEA0032004\n- ISBN: 9781451824544\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Banking, Credit, Exchange rates, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Money, Potential output, Prices, Production\n- Keywords: Baltics, CR, Credit, deficit, Eastern Europe, exchange rate, Exchange rates, fiscal policy stance, Fiscal stance, GDP assumption, Inflation, ISCR, Potential output, price level, production function approach, revenue elasticity\n\nSource: Republic of Latvia: Selected Issues (IMF Staff Country Reports, 2004/261).\n\n---\n\n Content in this bundle\n\n- Republic of Latvia: Selected Issues\n  - Republic of Latvia: Selected Issues (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Latvia: Selected Issues (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 16, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451824544.002",
    "Evaluates whether Latvia’s strategy to enter ERM2 and adopt the euro is appropriate.",
    "Examines the possibility of an exchange rate misalignment from various perspectives.",
    "Considers the possibility that central bank foreign exchange interventions have maintained the exchange rate artificially away from equilibrium.",
    "Core finding: the paper finds little evidence of a major misalignment.",
    "Considers different notions of the real effective exchange rate and competitiveness.",
    "Examines deviations of the exchange rate from statistically defined equilibrium concepts.",
    "Investigates the role of central bank foreign exchange interventions in affecting exchange rate alignment.",
    "The paper also analyzes modeling inflation in Latvia.",
    "Publication date: August 16, 2004",
    "Pages: 46",
    "Volume: 2004",
    "Issue: 261",
    "Series: Country Report No. 2004/261",
    "DOI: https://doi.org/10.5089/9781451824544.002",
    "Stock No: 1LVAEA0032004",
    "ISBN: 9781451824544",
    "ISSN: 1934-7685",
    "Subject: Banking, Credit, Exchange rates, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Money, Potential output, Prices, Production",
    "Keywords: Baltics, CR, Credit, deficit, Eastern Europe, exchange rate, Exchange rates, fiscal policy stance, Fiscal stance, GDP assumption, Inflation, ISCR, Potential output, price level, production function approach, revenue elasticity",
    "**Republic of Latvia: Selected Issues**"
  ],
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