tag:blogger.com,1999:blog-28036943.post4174376539473131224..comments2024-01-25T06:44:00.861+02:00Comments on LATVIAN ABROAD: Latvia, Estonia, real estate...Latvian abroadhttp://www.blogger.com/profile/07206431082954964671noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-28036943.post-201675982508275652013-02-21T05:34:38.170+02:002013-02-21T05:34:38.170+02:00Have you ever considered writing an ebook or guest...Have you ever considered writing an ebook or guest authoring on other blogs?<br />I have a blog centered on the same topics you discuss and would love to have you <br />share some stories/information. I know my subscribers would value your work.<br />If you are even remotely interested, feel free to shoot me an e-mail.<br /><br /><br />Here is my web site - <a href="http://bluex.im/index.php/nicki2675" rel="nofollow">bad credit payday loans</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28036943.post-70866418114713588722007-07-26T00:37:00.000+03:002007-07-26T00:37:00.000+03:00I agree. And, if it's a time lag of 15 months betw...I agree. And, if it's a time lag of 15 months between wage increases and inflation, it can get even worse. 15 months ago, the wage growth was still 20%/year and now it's 35%/year.Latvian abroadhttps://www.blogger.com/profile/07206431082954964671noreply@blogger.comtag:blogger.com,1999:blog-28036943.post-70379257895105481392007-07-25T20:09:00.000+03:002007-07-25T20:09:00.000+03:00Hi Again,I'm reading the inflation news today. It ...Hi Again,<BR/><BR/>I'm reading the inflation news today. It isn't good, but that isn't surprising. <A HREF="http://www.baltictimes.com/news/articles/18363/" REL="nofollow">This article was interesting</A>. <BR/><BR/>Apart from the BICEPS paper we have already come across, they mention <A HREF="http://danskeresearch.danskebank.com/link/Creditaccelerator2007final/$file/Creditaccelerator2007_final.pdf" REL="nofollow">this paper by Carsten Valgren</A>. I think that it is interesting and very relevant. It draws attention to the difficulties that the Latvian monetary authorities will have in correcting for the structural imbalances. Really the National Bank of Hungary are experiencing similar difficulties since they cannot reduce rates agressively enough to counter the <A HREF="http://hungaryeconomywatch.blogspot.com/2007/07/retail-sales-may.html" REL="nofollow">rapid decline in domestic demand</A> due to the impact this would have on the Forint, and hence on those with Swiss franc mortgages. Here is some of the "blurb" from Valgren:<BR/><BR/><BR/><I>The choice major countries have made in the classical trilemma: ie, Free movements of capital and floating exchange rates – has left room for independent monetary policy. But will it continue to be so? This is not as obvious as it may seem. Legally central banks have monopolies on the issuance of money in a territory. However, as international capital flows are freed, as assets are becoming easier to use as collateral for creating new money and as money is inherently intangible, monetary transactions with important implications for the real economy in a territory can increasingly take place beyond the control of the central bank. This implies that central banks are losing control over monetary conditions in a broad sense. Historically, this has of course always been happening from time to time. In monetarily unstable economies, hyperinflation has lead to capital flight and the development of hard currency” economies based on foreign fiat money or gold. The new thing – this paper will argue – is that we are increasingly starting to see the loss of monetary control in economies with stable non-inflationary monetary policies. This is especially the case in small open advanced – or semi-advanced – economies. And it is happening in fixed exchange rate regimes and floating regimes alike.</I>Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.com