Authors:

  • Rafael Di Tella

Excerpt

Latvia: Navigating the Strait of Messina. Rafael Di Tella, April 1, 2013, Case. "This case describes Latvia's transition from a Soviet republic into an EU member, its economic boom and subsequent bust in 2008, and its policy response. After implementing significant economic and political reforms in order to qualify for EU membership in 2004, Latvia had turned its sights toward joining the single-currency eurozone, pegging its currency to the euro in 2005 as a step toward that goal. From 2000 to 2007, Latvia achieved faster GDP growth than any EU state. However, when large inflows..."  May require purchase or user account. Link verified March 28, 2014