explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …

This work contains three papers employing common factor methodologies to economic forecasting for Estonia. The methods …

-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …

planning and ask about differences in job creation across two different transition economies: Estonia, which experienced rapid …

the view that efficiency considerations drive ownership changes (while earlier analysis for Estonia and for many other …

, ethnic groups, and workers with different skill levels. As Estonia entered recession in 2008, the unemployment rate almost … will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge …

From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …