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Book Cover
E-book

Title Republic of Lithuania : staff report for the 2009 Article IV consultation
Published Washington, D.C. : International Monetary Fund, ©2009

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Description 1 online resource (1 volume (various pagings)) : illustrations
Series IMF country report, 2227-8907 ; no. 09/322
IMF country report ; no. 09/322.
Contents Cover; Contents; I. Staff Appraisal and Executive Summary; II. Outlook and Key challenges; III. Policy Discussions; A. Securing Fiscal Sustainability; B. Safeguarding Banking System Soundness; C. Enhancing Longer-Term Growth Potential; Tables; 1. Selected Economic and Social Indicators, 2005-10; 2. Medium Term Framework, 2004-14; 3. Summary of Monetary Accounts, 2007-10; 4. Balance of Payments, Baseline 2007-14; 5. Financial Soundness Indicators, 2005-09; 6. General Government Operations, 2005-11; 7. Fiscal Impulse and Cyclically Adjusted Balance, 2004-10; Figures
1. The Upswing: Real Sector Indicators2. The Upswing: Financial and Balance Sheet Indicators; 3. The Upswing: FiscalIndicators; 4. The Bust: Macroeconomic Indicators in the Recession; 5. Financial Indicators, 2004-09; 6. Lithuania's Recession in a Regional Context; Boxes; 1. Balance Sheet Exposures in a Comparative and Historical Perspective; 2. Exchange Rate Assessment; 3. Revenue Performance Post Boom; 4. The Social Security System (SoDra); Annex Tables; 1. External Debt Sustainability Framework, 2004-14; 2. Public Debt Sector Sustainability Framework, 2004-14; Annex Figures
1. External Debt Sustainability: Bound Tests2. Public Debt Sustainability: Bound Tests; Contents; Appendices; I. Fund Relations; II. World Bank Relations; II. Statistical Issues
Summary 1. The economy grew rapidly over the past decade but the surge in capital inflows post-EU accession generated significant risks that have now materialized. Between 1998 and 2008, real per capita incomes rose from about 40 percent to two-thirds of the EU average reflecting the rebound from the 1998 crisis and rapidly rising productivity (Figure 1). However, the capital inflows that followed EU accession were mostly channeled to the non-tradable sector, stoking an asset and consumption boom that had its counterpart in growing external indebtedness (Figure 2). Rapid wage growth began to erode competitiveness while loose fiscal policy added to demand pressures (Figure 3)
Notes Cover title
"December 2009."
Bibliography Includes bibliographical references
Notes English
Print version record
Subject International Monetary Fund -- Lithuania
SUBJECT International Monetary Fund fast
Subject Global Financial Crisis, 2008-2009.
Financial crises -- Lithuania
Banks and banking -- Lithuania
Structural adjustment (Economic policy) -- Lithuania
Fiscal policy -- Lithuania
Monetary policy -- Lithuania
Balance of payments -- Lithuania
Balance of payments
Banks and banking
Economic history
Economic policy
Financial crises
Fiscal policy
Monetary policy
Structural adjustment (Economic policy)
SUBJECT Lithuania -- Economic conditions -- 1991- http://id.loc.gov/authorities/subjects/sh93000052
Lithuania -- Economic policy. http://id.loc.gov/authorities/subjects/sh92006546
Subject Lithuania
Form Electronic book
Author International Monetary Fund.
ISBN 1280891432
9781280891434
1451883897
9781451883893
1462359450
9781462359455
1452750440
9781452750446
9786613732743
6613732745
9781451824223
145182422X
Other Titles Republic of Lithuania, staff report for the 2009 Article IV consultation