Republic of Latvia: Selected Issues

International Monetary Fund

No 2006/354, IMF Staff Country Reports from International Monetary Fund

Abstract: The external imbalances that accompanied Latvia’s integration into the global economy have generated mixed effects. Stabilizing net foreign liabilities will require an improvement in the goods and services balance. Outward migration from Latvia has raised concerns about social and economic stresses that could intensify in the near future if labor flow increases. Several steps have to be taken to mitigate any adverse consequences of outward migration. The purpose of this paper is to examine macroeconomic and prudential aspects of the rapid growth of lending in Latvia.

Keywords: ISCR; CR; Latvia; bank; loan; GDP; GDP growth; current account deficit; labor force; labor productivity; capital-labor ratio; Migration; Current account deficits; Loans; Exports; Bank credit; Global; Eastern Europe; Middle East; East Asia; South Asia; Europe; Africa (search for similar items in EconPapers)
Pages: 66
Date: 2006-10-12
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Citations: View citations in EconPapers (2)

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