Ilmars Rimsevics

How Central Bank Independence Led to Impunity in Latvia

April 25, 2018

Latvia’s extreme austerity and neoliberal experience has led it down the path of becoming a major hub for money laundering. Its Central Bank governor, Ilmars Rimsevics, is at the heart of the scandal, but enjoys the protection of central bank autonomy, explains former financial regulator Bill Black