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Speed And Sequencing Of Market Reforms: The Case Of Banking In Latvia

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  • WILLIAM HALLAGAN

Abstract

After gaining its independence from the former Soviet Union, Latvia's banking sector initiated free market reforms. Initially, severál apparent disequilibria existed in the market for banking services. This paper reports on the processes that generated these disequilibria as well as on the events that transpired as the market approached equilibria over time.

Suggested Citation

  • William Hallagan, 1997. "Speed And Sequencing Of Market Reforms: The Case Of Banking In Latvia," Contemporary Economic Policy, Western Economic Association International, vol. 15(2), pages 24-34, April.
  • Handle: RePEc:bla:coecpo:v:15:y:1997:i:2:p:24-34
    DOI: 10.1111/j.1465-7287.1997.tb00462.x
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    References listed on IDEAS

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    1. A. Vanags & J. Garry, 1994. "Inflation, Exchange Rates and Central-Bank Policy in a Transition Economy: An Analysis of the Latvian Experience, 1992-1994," Working Papers 333, Queen Mary University of London, School of Economics and Finance.
    2. Caprio Jr, Gerard & Atiyas, Izak & Hanson, James, 1993. "Financial reform lessons and strategies," Policy Research Working Paper Series 1107, The World Bank.
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    Cited by:

    1. Kenneth Koford & Adrian E. Tschoegl, 1997. "Problems of Bank Lending in Bulgaria: Information Asymmetry and Institutional Learning," Center for Financial Institutions Working Papers 97-41, Wharton School Center for Financial Institutions, University of Pennsylvania.

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