How Latvia Came Through the Financial Crisis (Peterson In... and over one million other books are available for Amazon Kindle. Learn more
Qty:1
  • List Price: $21.95
  • Save: $2.19 (10%)
FREE Shipping on orders over $35.
Only 2 left in stock (more on the way).
Ships from and sold by Amazon.com.
Gift-wrap available.
How Latvia Came Through t... has been added to your Cart
Condition: Used: Good
Comment: Clean text with no markings. Item in GOOD condition with moderate shelf wear. May have bumped corners, worn edges, and/or creased cover. Ships from Amazon same day as cleared payment.. Amazon customer service and money back guarantee.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

How Latvia Came Through the Financial Crisis (Peterson Institute for International Economics: Special Report) Paperback – April 15, 2011


See all 2 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Paperback
"Please retry"
$19.76
$5.96 $0.91

Best Books of the Year
See the Best Books of 2014
Looking for something great to read? Browse our editors' picks for 2014's Best Books of the Year in fiction, nonfiction, mysteries, children's books, and much more.
$19.76 FREE Shipping on orders over $35. Only 2 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.

Frequently Bought Together

How Latvia Came Through the Financial Crisis (Peterson Institute for International Economics: Special Report) + How Capitalism Was Built: The Transformation of Central and Eastern Europe, Russia, the Caucasus, and Central Asia
Price for both: $54.35

Buy the selected items together
NO_CONTENT_IN_FEATURE

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Series: Peterson Institute for International Economics: Special Report (Book 17)
  • Paperback: 128 pages
  • Publisher: Institute of International Economics (April 15, 2011)
  • Language: English
  • ISBN-10: 088132602X
  • ISBN-13: 978-0881326024
  • Product Dimensions: 9 x 6.6 x 0.4 inches
  • Shipping Weight: 7.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #2,185,946 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Anders Aslund, known for repeatedly challenging conventional wisdom on transition economies is a leading specialist on postcommunist economic transformation. He boldly predicted the fall of the Soviet Union in 1989. His books have won multiple Choice OAT awards. Valdis Dombrovskis is the Prime Minister of Latvia. He has previously served as Latvia's Minister of Finance and a Member of the European Parliament for the New Era Party.

Customer Reviews

4.7 out of 5 stars
5 star
67%
4 star
33%
3 star
0%
2 star
0%
1 star
0%
See all 3 customer reviews
Share your thoughts with other customers

Most Helpful Customer Reviews

2 of 2 people found the following review helpful By N. Tsafos on September 3, 2011
Format: Paperback
It is easy to think that what happened in Latvia, a small country with a small economy, could not possibly be relevant for other countries coping with the aftermath of the worst economic crisis in generations. Yet this book by Anders Åslund and Valdis Dombrovskis shows otherwise: just as there are economic similarities between financial crises, so there are political similarities on how to deal with them. "How Latvia Came through the Financial Crisis" is as much a political handbook as it is an economic analysis of the crisis. It combines economic rigor (Åslund) with inside knowledge by Latvia's prime minister (Dombrovskis) and shows how a country can take tough decisions, adjust quickly, and come out ahead.

The book chronicles Latvia's economic performance since independence and then focuses on the boom years from 2004 to 2007. It then zeroes in on the onset of the economic crisis and the choices that Latvia faced in dealing with it. There is a whole chapter devoted to the question of whether Latvia should have devalued its currency - this chapter is, by itself, sufficient to make the book worthwhile. Latvia chose not to devalue, against the advice of so many economists, and its choice proved good.

Alongside the economic tale - wages cut, spending lowered, reforms implemented - is a political tale about how to handle such a crisis. What stands out is that there was both supply and demand for reforms: it is usually the political leadership that, under pressure, is forced to change. The electorate offers no more than begrudging acceptance at best. Not so in Latvia, where there was strong support for market reforms. When one government proved not up to the task it was voted out. With a new government, Latvia implemented reform quickly.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Kindle Edition Verified Purchase
This book co-written by the Latvian Commissioner-designate should be compulsory reading for finance ministers in Europe .

It certainly deserves to be translated into French, Spanish, Greek and Flemish. They need the template for recovery more than many.

I am looking forward to a group of Commissioners (the baltic states seem to be very realistic) with core economic and political literacy moving to Brussels.

His attacks on oligarch capitalism or crony capitalism is scathing and the need to address corruption is powerful. But, most of all, his genuine concern comes across in to protect the most vulnerable in society from the ravages of inflation.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
By Joanne Trocano on December 15, 2012
Format: Paperback Verified Purchase
The book is actually for my husband whois of Latvian descent. I was interested in what I looked at but I have not actually read the book. I'll let you know after Christmas. I do know that my husband is fascinated by this type of reading and misses his father terribly who lived in Latvia until he was run out during WW2.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

More About the Author

Discover books, learn about writers, read author blogs, and more.

Set up an Amazon Giveaway

Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more
How Latvia Came Through the Financial Crisis (Peterson Institute for International Economics: Special Report)
This item: How Latvia Came Through the Financial Crisis (Peterson Institute for International Economics: Special Report)
Price: $21.95 $19.76
Ships from and sold by Amazon.com