In the absence of effective integration mechanisms, our country’s stock of human capital thus risks being further penalized by the rapid increase in the relative proportion of young people with foreign backgrounds, which Istat projects to exceed 30 per cent by 2050. Furthermore, the Italian economy’s ability to reward and make the most of human resources remains poor.
However, as the market for government and corporate securities develops over time, it is expected that traditional repo operations will progressively become more important. By regulating liquidity in the banking sector through open market operations, the Bank of Latvia can influence interest rates in the interbank market.