FinObservatory

Crisis atlas / LTU

Lithuania

7 distinct crisis events in 3 episodes, 19922021, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

6
Banking crises
1
Currency crises
0
Sovereign debt crises
7
Crisis events
1992–2021
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2021
    Bankingesrb1 source
  2. 2020
    Bankingesrb1 source
  3. 2009
    Bankingesrb1 source
  4. 2008
    Bankingesrb1 source
  5. 1996
    Bankingesrb, laeven_valencia2 sources
  6. 1995
    Bankingesrb, gmd, laeven_valencia3 sources
  7. 1992
    Currencygmd, laeven_valencia2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1992–1996

CurrencyBankingFiscal cost 3.1% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
-50005001k1.5k198719922001
Policy rate (%)
024198719922001
Govt debt (% of GDP)
0102030198719922001
Inflation (% y/y)
-5051015200320082014
Policy rate (%)
-2024200320082014
Govt debt (% of GDP)
0204060200320082014
Inflation (% y/y)
-1001020201520202025
Policy rate (%)
-2024201520202025
Govt debt (% of GDP)
0204060201520202025

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology