How Latvia Came through the Financial Crisis
AbstractLatvia stands out as the East European country hardest hit by the global financial crisis; it lost approximately 25 percent of its GDP between 2008 and 2010. It was also the most overheated economy before the crisis. But in the second half of 2010, Latvia returned to economic growth. How did this happen so quickly? Current Latvian Prime Minister Valdis Dombrovskis, who shepherded Latvia through the crisis, and renowned author Anders Åslund discuss why the Latvian economy became so overheated; why an IMF and European Union stabilization program was needed; what the Latvian government did to resolve the financial crisis and why it made these choices; and what the outcome has been. This book offers a rare insider's look at how a national government responded to a global financial crisis, made tough choices, and led the country back to economic growth.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoThis book is provided by Peterson Institute for International Economics in its series Peterson Institute Press: All Books with number 6024 and published in 2011.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Barry Eichengreen, 2012.
"Regional Financial Arrangements and the International Monetary Fund,"
Governance Working Papers
23354, East Asian Bureau of Economic Research.
- Barry Eichengreen, 2012. "Regional Financial Arrangements and the International Monetary Fund," Finance Working Papers 23354, East Asian Bureau of Economic Research.
- Eichengreen, Barry, 2012. "Regional Financial Arrangements and the International Monetary Fund," ADBI Working Papers 394, Asian Development Bank Institute.
- Barry Eichengreen, 2012. "Regional Financial Arrangements and the International Monetary Fund," Macroeconomics Working Papers 23354, East Asian Bureau of Economic Research.
- Hilmar Þór Hilmarsson, 2013. "Post Crisis “Success” Stories? Economic Outcomes And Social Progress In Iceland And Latvia," SSE Riga/BICEPS Occasional Papers 9, Baltic International Centre for Economic Policy Studies (BICEPS) and Stockholm School of Economics in Riga (SSE Riga).
- Mark Weisbrot & Rebecca Ray, 2011. "Latvia's Internal Devaluation: A Success Story?," CEPR Reports and Issue Briefs 2011-25, Center for Economic and Policy Research (CEPR).
- Jean Pisani-Ferry & AndrÃ© Sapir & Guntram B. Wolff, . "EU-IMF assistance to euro area countries: an early assessment," Blueprints, Bruegel, number 779, December.
- Anders Aslund, 2012. "Southern Europe Ignores Lessons from Latvia at Its Peril," Policy Briefs PB12-17, Peterson Institute for International Economics.
- Anders Aslund, 2012. "Lessons from Reforms in Central and Eastern Europe in the Wake of the Global Financial Crisis," Working Paper Series WP12-7, Peterson Institute for International Economics.
- Anders Aslund, 2012. "Why a Breakup of the Euro Area Must Be Avoided: Lessons from Previous Breakups," Policy Briefs PB12-20, Peterson Institute for International Economics.
- Anders Aslund, 2011. "Lessons from the East European Financial Crisis, 2008-10," Policy Briefs PB11-9, Peterson Institute for International Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peterson Institute webmaster).
If references are entirely missing, you can add them using this form.