Latvia - Diagnostic review of consumer protection and financial capability (Vol. 2 of 2) : Comparison against good practices (English)

Latvia in 2003-2008 saw rapid increases in the levels of consumer debt growing at an average annual rate of 80 percent in years 2004-2006 and then slowing to 39 percent and 7 percent in 2007 and 2008. Mortgage debt rose from 8 percent to 31 percent of GDP in 2003-2008 — second in Central Europe only to Estonia at 32 percent in 2008. Such high levels of household debt left the Latvian economy vulnerable to the global financial crisis. By June 2009...

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Author

Rutledge, Sue;

Montes-Negret,Fernando;

Sirtaine,Sophie;
Document Date
2010/04/01
Document Type
Working Paper
Report Number
111724
Volume No
2
Total Volume(s)
2 (See all volumes)
Country
EU Accession Countries,
Region
Europe and Central Asia,
Disclosure Date
2017/01/06
Disclosure Status
Disclosed
Doc Name
Comparison against good practices
Keywords
protection of consumer right

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Citation

Rutledge, Sue; Montes-Negret,Fernando; Sirtaine,Sophie.

Latvia - Diagnostic review of consumer protection and financial capability (Vol. 2 of 2) : Comparison against good practices (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/909281483674208221

Latvia - Diagnostic review of consumer protection and financial capability (Vol. 2 of 2) : Comparison against good practices (English)

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