Central Bank opens student research competition

Take note – story published 8 years ago

Latvia's Central Bank (Latvijas Banka) on Monday announced its annual contest for young economists in a bid to promote research and analysis of the macroeconomic issues of Latvia and the eurozone.

It is the 14th time the competition has been run and participation is open to all students (both Latvian residents and foreign students) who at the time of the competition are registered as students of Latvian higher education institutions as well as Latvian students studying abroad.

23 different topics are available - so you'll need a good head for figures to begin with just to work out which subject to write about, with a full list at the bank's economics website macroeconomics.lv.

If you have the inclination to tackle the monetary policy options in a low interest rate environment, study the process of real convergence, fiscal policy, the impact of public debt and structural reforms on economic growth, population ageing and migration, assessment of the effectiveness of the use of the European Union structural funds and foreign direct investment, then you're in luck - that's all available.

The good news is there is plenty of time available: competition entries need to be submitted to Latvijas Banka from 16 May to 27 May 2016.

Entries will be evaluated by a "special committee" set up by Ilmārs Rimšēvičs, the Governor of the bank, and the winning papers will be published online as well as receiving what are tantalizingly referred to as "monetary rewards."

However, it seems unlikely that will take the form of two minutes in the gold vault with a shopping trolley.

11 papers were submitted for the previous academic year. No first prize was awarded in academic year 2014/2105, but two second prizes were awarded to Kārlis Vilerts, student of the University of Latvia, for a paper tackling the effect of education on earnings and Kārlis Ločmelis and Daniel Mititel, students of the Stockholm School of Economics in Riga, for a paper analysing the impact of the Russian financial crisis on the stock markets.

The full rules and regulations are available at macroeconomics.lv.

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