Published: 30.10.2019

To promote the research and analysis of Latvia's and euro area's macroeconomic issues by involving the most talented young economists in this work, Latvijas Banka has announced the annual Competition of Student Scientific Research Papers.

Latvijas Banka organises the competition already for the 18th time. Participation is open to citizens and non-citizens of Latvia, Lithuania and Estonia as well as foreigners who at the time of the competition are registered as students of higher education institutions accredited as such in the Baltic States, enrolled in Bachelor's or Master's degree programmes.

30 topics related to monetary policy, macroeconomic development and financial stability are proposed for the competition (for a full list, see https://www.macroeconomics.lv/konkursi/latvijas-banka-announces-competition-student-scientific-research-papers).

For the third consecutive year, a special award named after the prominent Latvian economist Juris Vīksniņš will be awarded for the best competition paper where integrated scientific methods in the field of economics and history have been used providing an innovative view on one of the stages of economic development in Latvia, the Baltic States or Europe, or an economic idea in a historical context. Up to now, no papers qualifying for this particular award have been submitted for the competition; however, papers and researchers analysing and studying the history of economics are really necessary for both economic research and a public discussion on the developments of the global and Latvian economy.

The Competition papers shall be submitted to Latvijas Banka from 18 May to 1 June 2020. The competition papers will be evaluated by a committee of economists set up by Latvijas Banka. The papers winning awards will be published on the website www.macroeconomics.lv, and their authors will receive money awards, incl. EUR 2 000 to the first-prize winner and EUR 1 422.87 to the winner of Juris Vīksniņš Award.

14 papers were submitted for the Competition of Student Scientific Research papers organised in the previous academic year of 2018/2019. The authors of the papers were 20 students from four Latvia's higher education institutions. No first prize was awarded in the Competition. Two second prizes were awarded to the following students: Palina Tember and Elza Siliņa, the Stockholm School of Economics in Riga, for the scientific research paper "Measuring Fiscal Policy Stance in Real Time and Ex Post in the European Union Member States", investigating the dependence of fiscal policy changes on the business cycle.; and Onufrii Lonevskyi and Kristijonas Klimaitis, the Stockholm School of Economics in Riga, for their paper "The Twin Deficits Hypothesis in the Eastern European Group: an Empirical Investigation", examining whether there is a correlation between a government deficit and current account deficit in Eastern European countries.

The Regulation for the Competition, the papers of the previous prize-winners and other materials are available in www.macroeconomics.lv section FOR STUDENTS. Oļegs Krasnopjorovs, economist at Latvijas Banka, describes the competition process and the preconditions for writing an excellent graduation paper: https://www.makroekonomika.lv/atzinas-no-latvijas-bankas-diplomdarbu-konkursa-2016, https://www.makroekonomika.lv/atzinas-no-latvijas-bankas-diplomdarbu-konkursa-2017, https://www.makroekonomika.lv/latvijas-bankas-diplomdarbu-konkursa-atzinas-2018 and https://www.makroekonomika.lv/latvijas-bankas-diplomdarbu-konkursa-atzinas-2019 (presentation: http://www.slideshare.net/LatvijasBanka/k-uzrakstt-izcilu-diplomdarbu). Higher education institutions are welcome to apply for Oļegs Krasnopjorovs' guest lecture on how to write an excellent graduation paper.

Being aware of the impact of economic literacy on the quality of life and economic growth, Latvijas Banka contributes systemic support to economic education. Latvijas Banka actively offers teachers of the social sciences, pupils, students and other interested parties different opportunities to learn and understand the regularities of the economy. In partnership with other institutions involved in implementing the National Strategy for Financial Literacy in Latvia for 2014–2020, Latvijas Banka promotes development where people have knowledge of finances and economics and they are capable of using it for ensuring their financial sustainability, enhancement of their competitiveness in the labour market and increase in well-being, thus also providing preconditions for the overall development of the public at large.

 

Latest News

02.07.2025

Latvijas Banka Publishes Its Third Climate-Related Financial Disclosures Report

Latvijas Banka has released its third annual report on Climate-Related...
20.06.2025

Latvijas Banka is issuing an electronic money institution operating licence to SIA Pace FS

On 18 June, the Supervision Committee of Latvijas Banka issued an...
19.06.2025

Prizes were awarded to the winners of the Competition of Student Scientific Research Papers organised by Latvijas Banka

Today at the award ceremony held at Latvijas Banka, prizes were...
12.06.2025

Latvijas Banka dedicates a coin to Liepāja on its 400th anniversary

On Tuesday, 17 June, Latvijas Banka is issuing a silver collector...
10.06.2025

Macroeconomic forecasts | June 2025

Latvijas Banka has published its latest macroeconomic forecasts...
06.06.2025

The European Securities and Markets Authority invites everyone to take part in a public consultation about the experience of private investors

The European Securities and Markets Authority (ESMA) has launched a...
19.05.2025

Latvijas Banka has developed guidelines for managing the risk of financial fraud

Latvijas Banka, in cooperation with the Finance Latvia Association,...
19.05.2025

A single square centimetre of Latvian earth, cast into a gold coin

On Thursday, 22 May, Latvijas Banka is issuing a gold collector...
15.05.2025

Students are invited to submit their papers for the Competition of Student Scientific Research Papers

As of today, the students of higher education institutions established...
14.05.2025

Working paper: A Short Drop or a Sudden Stop? Sanctions, Trade Shocks, and Firms’ Adjustment Margins

Working paper 3/2025
13.05.2025

On the performance of Latvijas Banka in 2024

The Council of Latvijas Banka has approved the Annual Report of...
22.04.2025

Changes to the Coin Programme

Latvijas Banka has decided to amend the 2025 coin issuance programme...