That panel discussion will be discussing a topic to which you have devoted yourself as an 1/9  BIS central bankers' speeches  academic since the 1990s, and one which is close to my own heart: the prerequisites for making monetary union a union of stability. 3.
The Law prohibits the Bank of Latvia from granting direct credit to the Government for the needs of covering budget deficit. In addition, the Bank of Latvia does not have the right to buy government securities on the primary market.