A lecture "Assessment of Latvia's Internal Devaluation: Successful? Lessons for other Countries?" by Morten Hansen, Head of Economics Department, Stockholm School of Economics in Riga.
Instead of choosing a devaluation of its currency, Latvia chose the so-called 'internal devaluation' strategy to raise its export competitiveness. In addition, Latvia imposed the perhaps harshest austerity policies in Europe in order to get public spending under control. This resulted in a massive recession but one that only lasted two years and now the Latvian economy is growing again.
A major issue this spring and summer has been whether Latvia' s strategy can be used as a role model for the Southern European countries of the Eurozone where recession has taken a firm and long-lasting g
grip.
Morten Hansen's background: http://www.sseriga.edu/en/contacts/staff-directory/hansen-morten.html
After the lecture - refreshments and networking.
Participation for the DCCL and FCCL members is free of charge.
For non-members - 25 LVL.
Please register by September 11, 2012.
The Board of the DCCL
