SPEED AND SEQUENCING OF MARKET REFORMS: THE CASE OF BANKING IN LATVIA |
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| Authors: | WILLIAM HALLAGAN |
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| Institution: | Associate Professor, Economics Department, Washington State University, Pullman, Wash. 99163 Phone 1-509-335-4987, Fax 1-509-335-4362 E-Mail |
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| Abstract: | After gaining its independence from the former Soviet Union, Latvia's banking sector initiated free market reforms. Initially, severál apparent disequilibria existed in the market for banking services. This paper reports on the processes that generated these disequilibria as well as on the events that transpired as the market approached equilibria over time. |
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