European Parliament Library

Republic of Lithuania :, 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania

Abstract
In this report, economic performance of Lithuania over the past decade is discussed. These reflect on EU accession, rapid financial integration, and generally sound macroeconomic policies. Concerns about the rise in external and internal imbalances, characterized by an unsustainable current account deficit, and an increase in domestic inflationary prices, resulting from excess domestic demand are outlined. The findings of the Financial Assessment Stability Program (FASP) are welcome. The Bank of Lithuania’s measures in recent years to strengthen banks’ capital bases and encourage strong risk management are encouraged
Table Of Contents
Cover; Executive Summary; Contents; I. Introduction; II. Rising Imbalances in 2007; Boxes; 1. Current Account and Productivity Developments; 2. Estimates of the Output Gap; III. Soft Landing Likely in 2008-09; IV. Fiscal Tightening Needed; 3. Implementation of Fund Policy Advice; V. Higher Bank Capital Buffers Advisable; VI. Economic Flexibility Is Good; VII. Staff Appraisal; Figures; 1. Credit Growth, 2002-08; 2. Financial Indicators, 2004-08; 3. Demand Pressures, 2002-08; 4. Baltics: Macroeconomic Developments, 2003-07; 5. Banking System Indicators; Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452729480

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