01635cas a2200241 a 4500 AALejournalIMF003735 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451824568 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Latvia : Selected Issues. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (32 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper seeks to determine the macroeconomic effects of credit growth in Latvia. To do so, the paper relies on two approaches. First, a vector autoregressive system consisting of domestic credit, real activity, inflation, and the current account is used to determine responses to a positive shock to credit growth. It also calibrates the IMF's Global Fiscal Model to simulate the macroeconomic effects of Latvia's financial integration with the European Union and developing financial system. The paper also discusses the balance sheet approach to macroprudential vulnerabilities in Latvia. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/277 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/277/002.2005.issue-277-en.xml IMF e-Library