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During 2000-2007, Estonia was among the fastest growing emerging market economies, but in late 2008 entered a deep … recession. This paper examines shocks, institutions, and policies that have made Estonia's boom-bust cycle so severe. It finds … exports. Estonia's experience underscores the importance for other emerging market economies to retain some flexibility in …
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We scrutinize the role of capital flows for competitiveness in seven euro-area countries in the context of real convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets. Capital flows are assumed to be...
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market must prevail -- National legislation and regulations restricting the free movement of capital : how do Estonia, Poland …"This book, entitled Collected Papers: Financial Regulation in Estonia, Poland and Latvia within the Context of … substantive items - the former examining the extent to which laws of the then-new Member States of the European Union Estonia …
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