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Law > Business and Financial

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Latvia, Republic of x
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Cover IMF Staff Country Reports
The Republic of Latvia: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics: Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency
International Monetary Fund
This paper presents key findings of Latvia’s Financial System Stability Assessment, including Reports on Observance of Standards and Codes on Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency. The assessment reveals that the banking system of Latvia is well capitalized, profitable, and liquid following its recovery from the effects of the Russian crisis in 1998. A notable feature of the financial system is the significant share of nonresident deposits and foreign equity in the banking system and nonresident investment in the securities market.
Keywords:
ISCR; CR; central bank; monetary policy; joint stock; exchange rate; foreign exchange; investment funds; capital market; banking system; liquidity ratio; Payment systems; Insurance companies; Securities markets; Credit; Baltics
Cover IMF Staff Country Reports
Republic of Latvia: Request for Stand-By Arrangement
International Monetary Fund
Latvia's economy has emerged from the recession triggered by the Russian crisis. Executive Directors commended the strong economic growth and low inflation. They appreciated the open and liberal trade system and the soundness of the banking system. They emphasized the need to maintain fiscal and monetary policies, and accelerate structural reforms. They urged the authorities to implement reforms to improve private sector development, increase foreign direct investment, enhance governance, and also to privatize state-owned enterprises, and approved a Stand-By Arrangement for the country.
Keywords:
ISCR; CR; deficit; deficit ceiling; stand-by credit; stand-by; staff appraisal; program document; government of Latvia; Current account deficits; Commercial banks; Central and Eastern Europe; Baltics