How Latvia came through the financial crisis
- Åslund, Anders, 1952-
- Washington, D.C. : Peterson Institute for International Economics, 2011.
- Physical description
- xvii, 140 p. : ill., map ; 23 cm.
- Dombrovskis, Valdis.
- Includes bibliographical references and index.
- Publisher's Summary
- Latvia stands out as the East European country hardest hit by the global financial crisis; it lost about 25 percent of its GDP from 2008 to 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 Aslund discusses 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 insiders look at how a national government responded to a global financial crisis, made tough choices and led the country back to economic growth.
(source: Nielsen Book Data)
- Publication date
- Anders Åslund and Valdis Dombrovskis.