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Adjustment Under a Currency Peg

Adjustment Under a Currency Peg »

Source: Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Volume/Issue: 2010/213

Series: IMF Working Papers

Author(s): Catriona Purfield , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205448

Keywords: Internal devaluation, boom bust, competitiveness, wage adjustment, global financial crisis, wage, benefits, wages, fiscal balance,

The paper traces the Baltics' adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita i...

The Baltic Countries
			: Medium-Term Fiscal Issues Related to EU and NATO Accession

The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

DOI: http://dx.doi.org/10.5089/9781589061040.084

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Ten years after regaining independence, the Baltic Countries--Estonia, Latvia, and Lithuania--are expected to be invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspec...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

I Overview

I Overview »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Ten years after regaining independence, the three Baltic countries—Estonia, Latvia, and Lithuania—are on the verge of acceding to the European Union (EU) and the North Atlantic Treaty Organization (NATO). Ov...

II The Current Fiscal Position

II The Current Fiscal Position »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Fiscal policy represents the main macroeconomic policy instrument at the disposal of the authorities in the Baltics. This is due to their decision to anchor their macroeconomic stabilization efforts with the...

III Medium-Term Fiscal Policy: Theory and Evidence

III Medium-Term Fiscal Policy: Theory and Evidence »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

This section is intended to derive some guiding principles on the appropriate medium-term fiscal stance for the Baltics on the basis of theoretical and empirical evidence. It will look at: (1) the relationsh...

IMF and the Baltics

IMF and the Baltics »

Source: IMF and the Baltics : A Decade of Cooperation

Volume/Issue: 2003/241

Series: IMF Working Papers

Author(s): Adalbert Knöbl , and Richard Haas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2003

ISBN: 9781451875829

Keywords: currency board, transition to market economy, inflation, monetary fund, central bank, fiscal policy, monetary policy,

The paper is an economic history of the IMF’s involvement in the Baltic states. It describes and analyzes the initial economic stabilization; the period of consolidation and recovery; the effects of the Russ...

IMF Completes Fourth Review Under Stand-By Arrangement with Latvia and Approves €121.3 Million Disbursement

IMF Completes Fourth Review Under Stand-By Arrangement with Latvia and Approves €121.3 Million Disbursement »

Source: Republic of Latvia : Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion

Volume/Issue: 2011/126

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2011

ISBN: 9781455277568

Keywords: external debt, current account, public debt, fiscal balance, tax increases

Strong policy implementation under the Stand By-Arrangement (SBA) has contributed to Latvia's economic recovery and put attainment of Maastricht criteria for euro adoption within reach. The government has continue...

Republic of Latvia
			: Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion

Republic of Latvia : Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion »

Volume/Issue: 2011/126

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2011

DOI: http://dx.doi.org/10.5089/9781455277568.002

ISBN: 9781455277568

Keywords: external debt, current account, public debt, fiscal balance, tax increases

Strong policy implementation under the Stand By-Arrangement (SBA) has contributed to Latvia's economic recovery and put attainment of Maastricht criteria for euro adoption within reach. The government has continue...