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Global value chains and productivity : micro evidence from Estonia
Banh, Hang T.; Wingender, Philippe; Gueye, Cheikh - 2020
participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … are important to raise aggregate productivity and potential growth in Estonia …
Persistent link: https://www.econbiz.de/10012252668
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On the Fast Track to EU Accession : Macroeconomic Effects and Policy Challenges for Estonia
Taube, Günther - 1999
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU …-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are … Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand …
Persistent link: https://www.econbiz.de/10014400750
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Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries
Herzberg, Valerie - 2010
Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the...
Persistent link: https://www.econbiz.de/10014402659
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Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09
Purfield, Catriona - 2010
The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...
Persistent link: https://www.econbiz.de/10014397545
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The Estonian Currency Board : Its Introduction and Role in the Early Success of Estonia's Transition to a Market Economy
Sutt, Andres - 2002
, 1992, Estonia became the first country from the former Soviet Union to abandon the Russian ruble and introduce its own … assesses the economic impact of the reform and also compares Estonia''s experience with that of its Baltic neighbors. It … concludes that although the currency board arrangement made an important contribution to the early success of Estonia …
Persistent link: https://www.econbiz.de/10014399419
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Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy
García-Herrero, Alicia - 1997
The experiences of seven countries that have undergone banking crises show that crises have significant implications for the short-run stability of the demand for money, the money multiplier, the transmission mechanism, and the signal variables of monetary policy. Monetary and credit...
Persistent link: https://www.econbiz.de/10014403284
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Globalization Drives Strategic Product Switching
Moreno Badia, Marialuz - 2008
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm …
Persistent link: https://www.econbiz.de/10014401739
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Monetary integration and the cost of borrowing
Gómez Puig, Marta - In: Journal of international money and finance 27 (2008) 3, pp. 455-479
Persistent link: https://www.econbiz.de/10003717259
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Productivity shocks, the real exchange rate, and the euro puzzle
Miller, Norman C. - In: Journal of international money and finance 27 (2008) 4, pp. 499-515
Persistent link: https://www.econbiz.de/10003717291
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Productivity shocks and the current account : an alternative perspective of capital market integration
Decressin, Jörg; Disyatat, Piti - In: Journal of international money and finance 27 (2008) 6, pp. 897-914
Persistent link: https://www.econbiz.de/10003758284