Financial market of Latvia: problems and solutions | Latvijas finanšu tirgus: problēmas, risinājumi
2009
Gods, U., Latvia Univ. of Agriculture, Jelgava (Latvia)
Financial instability is encoded in the term finance itself – the flow of valuables in the form of money, which assumes financial autonomy from its material basis. Speculative transactions are a component of the financial system. A market is a spontaneously organised system, and the financial market instability is unavoidable. In the present situation, our task is to restrict the speculative sector of finance by promoting the development of real economy, simultaneously reducing unproductive expenses on the state bureaucracy.
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