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To promote the research and analysis of the macroeconomic issues of Latvia and the euro area by involving the most talented young economists, Latvijas Banka announces the traditional Competition of Student Scientific Research Papers.

Latvijas Banka organises the Competition already for the 14th time. Participation is open to students (both Latvian inhabitants and foreign students studying here) who at the time of the Competition are registered as students of higher education institutions accredited by the Republic of Latvia Ministry of Education and Science enrolled in Bachelor's and Master's degree programmes, as well as Latvian people studying abroad.

23 topics (a full list of topics is available at macroeconomics.lv), including the monetary policy options in a low interest rate environment, study of the process of real convergence, fiscal policy, 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, etc., are proposed for the Competition. At the same time, papers addressing other crucial monetary policy- related topics concerning the economies of Latvia and the euro area (which are not referred to in the Regulation) may also be proposed for the Competition.

The Competition papers shall be submitted to Latvijas Banka from 16 May to 27 May 2016. The Competition papers shall be evaluated by a special committee set up by Ilmārs Rimšēvičs, the Governor of Latvijas Banka, and the papers winning awards will be published at www. macroeconomics.lv with their authors receiving money awards.

11 papers were submitted for the Competition of Student Scientific Research Papers organised for the previous academic year. The authors of the papers were 16 students from four Latvia's higher education institutions. 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 the paper tackling the effect of education on earnings and Kārlis Ločmelis and Daniel Mititel, students of the Stockholm School of Economics in Riga, for the paper analysing the impact of the Russian financial crisis on the stock markets.

The Regulation for the Competition, the papers of the previous prize-winners and other materials are available in the section "Competition of Student Scientific Research Papers" at macroeconomics.lv.

Latvijas Banka takes an active part in promoting economic education among the general public, inter alia, offering interactive tours in the Visitors Centre "Money World" and maintaining the website www.naudasskola.lv ("Money School") for the use of students and teachers as well as the macroeconomic analysis website www.macroeconomics.lv. The academic year 2015/2016 will be already the second year when leading economists and experts of Latvijas Banka will visit higher education institutions in Riga and regions of Latvia and deliver lectures on crucial topics concerning the economies of Latvia and the euro area as well as global economic issues.