IMF Staff Country Reports

Republic of Estonia: Selected Issues

November 29, 2006

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Republic of Estonia: Selected Issues, (USA: International Monetary Fund, 2006) accessed November 12, 2024

Summary

This paper assesses Estonia’s flexibility from two angles. The paper focuses on one aspect of that performance—the ability to sustain competitiveness. Then, a more forward-looking angle is the flexibility of Estonia’s labor and product markets. Estonia has made great progress in achieving real convergence in the last decade. Current account deficits are integral to convergence. A key question raised by this analysis is whether the large external imbalances and the counterpart buildup in external obligations will be smoothly reversed.

Subject: Banking, Currencies, Exports, Financial institutions, Financial statements, Foreign currency exposure, Foreign exchange, International trade, Money, Nonbank financial institutions, Public financial management (PFM)

Keywords: Asset position, Baltics, Central and Eastern Europe, CR, Currencies, Currency board arrangement, Eastern Europe, Estonia, Exports, Financial statements, Foreign currency, Foreign currency exposure, ISCR, Macroeconomic stability, Net foreign exchange liability position, Nonbank, Nonbank financial institutions, Nonbank private sector, Private sector

Publication Details

  • Pages:

    46

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/419

  • Stock No:

    1ESTEA2006002

  • ISBN:

    9781451812510

  • ISSN:

    1934-7685