Fri Nov 28, 2008 5:15pm GMT |
If you think emerging Europe currencies have run their course to the downside, take another look at the CIS (Commonwealth of Independent States). This being the only European sub-region dominated by dollar pegs, monetary authorities for the most part have only recently succumbed to mounting fundamental pressures. While the Ukrainian hryvnia, Russian rouble and Georgian [Read more...]
Tags: Belarus, Currencies, depreciation, devaluation, Georgia, hrynia, lari, Rouble, Russia, Ukraine
Posted in: Currencies, Emerging Europe, General
Wed Nov 12, 2008 4:14pm GMT |
Latvia is the newest victim of the credit crunch. This is not official. No formal application has been made for an IMF bail-out package, nor has it made the front pages of any major newspaper of record on the continent. That said, with the economy contracting by 4.2% in the third quarter (down from 10.1% [Read more...]
Tags: Balance of Payments, crisis, Current Account Deficit, External Debt, FX, IMF, Interbank, Latvia, recession, Refinancing, Reserves, Rouble, Russia
Posted in: Currencies, Emerging Europe, Financials