The Crisis in Latvia
Igors Kasjanovs () and
World Economics, 2011, vol. 12, issue 3, 105-122
Between 2008 and 2010 Latvia â€“ a small country on the Baltic Sea coast and a member of the European Union (EU) â€“ lost a huge 21.7% of its real gross domestic product (GDP). It is one of the largest recent GDP falls not only in the history of the EU, but also globally. But the crisis described in this article is not the classical â€˜boom and bustâ€™ cycle-type crisis: Latvia had to face cyclical, structural, financial and global problems simultaneously. This article briefly describes the anatomy of the crisis in Latvia.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:484
Access Statistics for this article
More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().