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Occasional Paper Series

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Occasional papers feature analytical descriptive or discussion articles and extended commentaries prepared by the Bank of Lithuania staff on subjects relevant for central banking. The papers within the series analyse topical questions and issues relevant to the activities of the Bank of Lithuania, introduce the results of analytical and policy work conducted at the institution, explaining its decisions and opinions. Occasional papers target a wider audience, including policymakers, financial analysts, academics, the media and the general public. 

Papers are available in Lithuanian or English.

No 57
2025-04-14

An Ex-Ante Assessment of the Proposal to Reform the Second Pillar of the Lithuanian Pension System

  • Abstract

    This document offers an ex-ante assessment of the proposal to allow the withdrawal of funds from the second pillar of the Lithuanian pension system. First, we use a quantitative macroeconomic model to quantify, under alternative scenarios, the potential impact that the withdrawal of Pillar II funds might have on the economy in the medium term. Second, we offer a long-term view of the current pension replacement rates and the consequences that the withdrawal of funds might have for those individuals who decide to opt-out of Pillar II.

     

     

No 56
2025-02-03

Follow-up study on the overview of issuers’ non-financial information in accordance with the disclosure requirements of Article 8 of the Taxonomy Regulation

  • Abstract

    In order to assess the implementation of requirements for disclosing sustainability indicators (for 2023) were implemented in the market in 2024, a follow-up study on the analysis/overview of the disclosure of non-financial information (sustainability-related information) under Article 8 of the Taxonomy Regulation was carried out for listed issuers (non-financial undertakings) that are under a statutory obligation to disclose sustainability-related information and have provided this information on a voluntary basis.

    As in previous years, the overview analysed the non-financial information of 14 issuers (non-financial undertakings) disclosed in accordance with the requirements of the Taxonomy Regulation. 14 of them were large companies subject to this disclosure obligation, while one company disclosed indicators on a voluntary basis. In addition, the results were compared with last year’s data to assess progress and developments.

    The views expressed are those of the author(s) and do not necessarily represent those of the Bank of Lithuania.


    Available only in Lithuanian

No 55
2024-12-17

The idea of a system to prevent financial fraud at national level: context, objectives, actors and implementation process

  • Abstract

    Financial fraud is a significant issue not only for the financial sector, but also for society as a whole. It is taking on new forms as a result of the increasing digitalisation, with an upward trend in the number of cases and the losses incurred in many countries. In Lithuania, financial fraud has risen dramatically over the last several years.

    The views expressed are those of the author(s) and do not necessarily represent those of the Bank of Lithuania.


    Available only in Lithuanian

No 54
2024-07-23

Housing affordability study

  • Abstract

    As house price growth accelerated during the pandemic, housing affordability in Lithuania started to deteriorate for the first time in a decade. This trend did not last long and, as price growth slowed down and incomes continued to rise rapidly, signs of improving affordability have already become visible from 2023. Although the deterioration in housing affordability in Lithuania was a temporary phenomenon caused by strong external shocks, it is important that housing policy in Lithuania provides the conditions for a structurally sustainable level of affordability. In this study, the Bank of Lithuania has analysed various indicators of housing affordability and the demand and supply factors that may it. The results of the study have led to four main orientations for sustainable housing policy: to achieve sustainable housing demand developments, a larger and more flexible supply of quality housing, meeting the housing needs of socially vulnerable people, and creating a long-term and common housing policy strategy.

    The views expressed are those of the author(s) and do not necessarily represent those of the Bank of Lithuania.


    Available only in Lithuanian