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Analysis of Latvia way out of economic crisis in 2008 - 2010
 Štefánik, Adam ; Jílek, Josef (advisor) ; Pekárek, Štěpán (referee)
This thesis is aimed to analyze the impact of economic crisis in Latvia which was carried out in 2008-2010. Concurentelly the first part of the study emhasizes on claryfying the causes of the emergence of the economic crisis. The following part is focused on description of the reasons why particularly the way out of crisis throuhg internal devaluation was chosen and used. The actual negotiations on assistance from IMF and implemented fiscal consolidation are incorporated in this section of the thesis as well. The final part of the study beyond analyzing impacts of economic crisis analyzes demographic trends in Latvia. The comparison of external devaluation, which took place in Iceland, and internal devaluation that was implemented in Latvia is essential. Implemented savings measures within the internal devaluation achieved their targets and Latvia quickly emerged from the crisis and since 2011 to 2014 its GDP was continually growing. However, the worst problem which negatively affected Latvia seemed to be adverse demographic development which causes the fact that the country has to face the high rate of emigration, low birth rate and population aging.
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