Realign lats: ex-Argentine chief economist

A former chief economist at the Central Bank of Argentina has claimed that the best strategy for Riga to pursue would be a contained devaluation of the lats.

Eduardo Levy-Yeyati, who was chief economist at the central bank in 2002 - shortly after Argentina's currency collapse, argued that neither floating the currency nor adopting the euro would be better alternatives to a managed devaluation given the interests of the relevant parties.

Writing for VoxEU.org, an economists' blog, Levy-Yeyati