Wed, 3 Nov 2010: Rating agencies lose credibility…
Nov 3, 2010 Baltics
Rules set by the Basel Committee on Banking Supervision forced banks to increase the capital they held against assets that were downgraded by ratings companies, leading to fire sales. Commitments ...Tags: Assets, Basel Committee On Banking Supervision, Benchmark, Central Banks, Chris Atkins, Collateral, Commitments, Credibility, European Commission, Fi, Investors, Judgments, Proposals, Reliance, Spokesman
Thu, 24 Sep 2009: New Report casts doubt on IMF program…
Sep 24, 2009 Baltics
The OECD recommends that "governments aim at balancing budgets over the complete business cycle, and that to maintain fiscal credibility, discretionary fiscal measures should be reserved mainly fo...Tags: Budgetary Framework, Budgets, Business Cycle, Capital Inflows, Cheap Loans, Credibility, Deficit Target, Economic Performance, Exceptional Circumstances, Fiscal Measures, Gdp, Gdp Target, Imf Program, Lenders, Oecd, Public Spending, Recessions, Report Casts Doubt, Sustainability, Target Ratio
Thu, 18 Jun 2009: Lithuania issues 500 million euro bond…
Jun 18, 2009 Lithuania
This means we can finance the deficit." Senior economist at SEB Bankas Nerijus Udrenas said the money might not be enough. "This is a positive event and this will stabilize in the short term 's i...Tags: Budget Deficit, Credibility, Economist, Euro, Four Months, Gdp, International Markets, Lithuania, Money, Months Of The Year, Seb Bankas
Thu, 16 Oct 2008: Baltics defiant as Iceland’s economy freezes…
Oct 16, 2008 Baltics
The government then shut down the stock exchange, triggering all trade in krona to cease due to foreign banks' refusal to accept the currency, even at bargain rates. Despite taking every measure ...Tags: Analysis Suggests That, Baltics, Bargain Rates, Credibility, Currency, Emergency Assistance, Expert Analysis, Financial Shock, First Victim, Foreign Banks, Global Economic Crisis, Iceland Government, Icelandic Krona, International Monetary Fund, International Monetary Fund Imf, Lent, Sensible Option, Stock Exchange, University Of Iceland, World Economy
Wed, 18 Oct 2006: IMF urges Latvia to curb lending…
Oct 18, 2006 Latvia
The IMF Executive Board advisesd Latvia to take measures to curb the lending rate, reduce fiscal incentives and ensure an environment where pay rises are tied to increased labor efficiency. The IM...Tags: Adoption Help, Credibility, Currency Euro, Economy, Fiscal Incentives, Imf Executive Board, Labor Efficiency, Latvia, Measures, National Currency, Policy Instruments