Public Finance Perspective - Latvia - разное по финансам

 

Тезисы:

  • Latvia quickly began to develop a successful economy and joined the League of Nations in 1922.
  • In 1940, Stalin presented Latvia with an ultimatum, admit Soviet troops or face annihilation.
  • During the next fifty years, the Soviet Union ruled over Latvia.
  • Under former Soviet rule, public administration and management were highly centralized.
  • The unemployment benefits are financed through 1.5% of the social security rate (World Bank, 1995) .
  • Latvia has also recently tapped into the international bond markets.
  • Treasury bill auctions were also introduced to finance the budget.
  • Latvia's move toward a convertible currency came in two stages.
  • The two traded equally until Latvia became flooded with Soviet rubles.
  • Latvia replaced the ruble with the rublis as the legal tender.
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