Hints and tips:
...Parex Bank, the biggest domestically owned bank, could no longer finance itself on the European wholesale market....
...- Latvia’s IMF breakdown, and trouble at Parex. - A pugnacious Gasparino. - Some stressed-out VaR. - More blogger CNBC wars. - CIT saved. - A gappy output gap. - Subprime Italy....
...Related links: A quick turn of events in Latvia – FT Alphaville Latvian banks face reserve shortfall – FT Alphaville Trouble at Parex – FT Alphaville...
...Local deposits stabilised with the IMF deal (slowed down, in the case of nationalised domestic bank Parex, by monthly withdrawal limits similar to the “corralito” imposed in Argentina 2001) but continued...
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