## Republic of Latvia: Selected Issues

_IMF Staff Country Reports, August 16, 2004_

## Source details

**Canonical URL:** [Republic of Latvia: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-latvia-selected-issues-17639)

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- [Markdown version](/en/publications/cr/issues/2016/12/31/republic-of-latvia-selected-issues-17639/index.md)
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## Bibliographic details
- Published: August 16, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451824544.002

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### Assessment of ERM2 entry and euro adoption strategy
- 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.

### Exchange rate, competitiveness, and equilibrium analysis
- 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.

### Inflation analysis and modeling
- The paper also analyzes modeling inflation in Latvia.

### Publication and metadata
- 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

### Subjects and keywords
- 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

*Source: Republic of Latvia: Selected Issues (IMF Staff Country Reports, 2004/261).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-latvia-selected-issues-17639_