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A new epicenter of the crisis

Here is a link to a fascinating piece by Edward Hughes, some of which is reproduced here. What has happened in Ukraine is qui

01.06.2009
Latvia=Argentina?

Specifically, he said the following: As of today, my slogan is that Latvia is the new Argentina. Since some people (e.g. Secu

12.18.2008
“Nothing Special”: The Economic Crisis in Latvia
12.16.2008
Tax Evasion, Parex Style

Why did they do this? There are two likely reasons. First, I wonder whether smaller shareholders knew. The second, and more i

12.09.2008
Stupidity does not pay

The Wall Street Journal just published a piece about the story with detaining Dmitrijs Smirnovs. Latvian 'know-how' in fighti

12.04.2008
Freedom(less) Island
11.26.2008
Taking child abuse seriously
11.25.2008
Why Parex?

In any case, I think the whole Parex affair raises four major practical questions for those of us who go on. First, there is

11.11.2008
Obama!

In the last years, the sense of gloom that has been spreading ever since security became the number one issue in the free wor

11.05.2008