system in Estonia. A successful transition to a market economy requires a sound currency and Estonia introduced its own … currency in June 1992. Estonia has been quite successful in achieving economic stability and growth and steadily declining … inflation. An essential element of Estonia?s economic development success has been the currency board-based monetary system that …

reserve requirements are set in relation to the monetary base. Between 1998 and 2000 in Estonia this ratio even ranged between …

On its way to become a member of the European Monetary Union (EMU) Estonia needs to participate in the new European …. There is also the possibility to apply to have a band narrower than the standard one formally set. Estonia could make use of …

are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies …

In this study, we analyse Estonia’s position in global value chains using World Input-Output Data and firm-level data …. We find that 69% of Estonia’s total exports are intermediate goods and services, exceeding the EU average (65%). Two …-thirds of Estonian imports are intermediates. Our findings suggest that Estonia is heavily involved in vertically and …

This paper presents one of the first studies of firm demographics in Estonia, particularly, on the processes of firm … Estonia during the observed period from 1995 to 2001, resulting from low institutional entry barriers and emergence of the SME …

on the unconditional, down-flow grant system in Estonia. In particular the procedure of determining the total sum of …

This article documents and analyses gross job flows and their determinants in Estonia over the years 1995-2001, using a … database containing the population of officially registered firms in Estonia (all in all 52,000). Our results show that job … creation and job destruction rates have been rather high in Estonia and are comparable to the levels documented for the US. We …