Latvian Devaluation – A Question Of ‘When, Not If’
The sharp spike in Latvian interbank lending rates and the sovereign’s credit default protection premium gave a taste of what awaits the country in case of a devaluation, after key economic advisors to the authorities contemplated such a scenario. Justin Patrie discusses the immediate economic implications of a Latvian currency devaluation and what the impact could be for the wider region.
June 22nd, 2009 at 5:47 pm
Everyone needs to analyse their own situation and determine their own risk-taking levels. This will help them in deciding what to do with their investments.