Financial Market in Latvia

Jelena Zubkova, Egils Kauzens, Ivars Tillers and Martins Prusis
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Jelena Zubkova: Bank of Latvia
Egils Kauzens: Bank of Latvia
Martins Prusis: Bank of Latvia

No 2002/02, Working Papers from Latvijas Banka

Abstract: During the last decade Latvia made a considerable progress and has created an institutional structure and legislative framework to support a market-oriented financial system. The financial sector of Latvia comprises nearly all financial institutions typical of developed markets. The regulatory enactments of Latvia conform to all EU requirements and in some respects are even stricter. Latvia's accession to the EU will be an important turning point for the country's economy, including the financial market, and will provide higher income and wider opportunities.

Keywords: financial market; settlement systems; European integration (search for similar items in EconPapers)
JEL-codes: G10 G20 (search for similar items in EconPapers)
Date: 2002-12-30
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ltv:wpaper:200202

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