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Author:Jones, C.
Title:Brooms at the ready
Journal:Banker
1996 : APR, VOL. 146:842, p. 64-68
Index terms:LITHUANIA
BANKING
ECONOMICS
Language:eng
Abstract:The Lithuanian authorities moved fast to sweep up the mess after a big bank fall-out. But the prime minister and central bank governor joined the debris. When a leading bank collapses the fall-out can be substantial, even in large countries. When a big bank collapses in countries the size of the three Baltic republics, whose populations range from 1.6 million in Estonia to 3.7 million in Lithuania, the knock-on effects can be traumatic. They can even include, as in Lithuania in February, the fall of a prime minister.
SCIMA record nr: 148142
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