Posts Tagged ‘Estonia’

The Baltic Depression: Lessons For The Rest Of Europe?

Fri Sep 3, 2010 17:03 GMT  | Leave a Comment

The three Baltic economies of Estonia, Lithuania and Latvia have been the biggest losers of the 2008-2009 global financial crisis, contracting by 14.1%, 14.8% and a whopping 18.0% in 2009 respectively. After overheating in the preceding three years (Latvia grew on average 10.9% between 2005 and 2007), tightening global credit conditions towards the tail-end of… [Read more]

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Posted in: Emerging Europe, Eurozone, General Leave a Comment

CEE Pegged Currencies: Which Next To Devalue?

Tue Jan 27, 2009 16:28 GMT  | Leave a Comment

Of the 32 sovereign states in the emerging Europe region, 19 maintain fixed pegs or heavily managed exchange rate regimes (eight others have floating currencies and five utilise the euro). Thus far, only five of the 19 have made significant devaluations despite a clear regional trend of capital outflows, slowing growth and rapidly declining export… [Read more]

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Posted in: Currencies, Emerging Europe Leave a Comment

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