After a recent failed public debt auction, the authorities in Latvia are desperately trying to prevent a depreciation of the currency, the lat. The country's predicament is similar to the one that faced Argentina in 2000-2001: a severe recession driven by global financial shocks, a sudden drying up of capital inflows and the need to reduce a large external deficit worsened by an unsustainable currency peg.
在最近一次国债拍卖流拍后,拉脱维亚政府正拼命阻止本国货币拉特(Lat)贬值。该国所处的困境与2000年至2001年的阿根廷类似:manbetx app苹果 金融危机引发严重衰退,资本流入突然枯竭,巨额外部赤字亟待削减——不可持续的钉住汇率制正令外部赤字问题进一步恶化。
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