The link between economies

  • 2009-02-11
  • Interview by Monika Hanley
Andris Vilks is the Chief Economist at SEB Bank in Riga and one of the country's leading economic analysts. Vilks sat down with The Baltic Times to discuss some of the advantages and disadvantages of devaluation, and to talk about the negative effects of a recent round of rumors on the economy. What are the advantages/disadvantages of devaluation [of the lat]?The biggest advantage would be that we have a small export capacity and there is no increase in exports. As most imports are dominated by the euro, it would be an advantage in that regard to devaluate. The most common imports are...
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