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 …

Estonia’s commitment to free markets and prudent financial policies has paid off handsomely. Demand pressures and rapid …. Estonia’s economic growth has supported—and been supported by—rapid credit growth, financed increasingly by resource transfers …

for the Republic of Estonia. The paper highlights that intergovernmental relations in Estonia have been marked in recent … structural change, including privatization and liberalization of markets in Estonia. The paper analyzes the evolution of the … financial sector. It also examines European Union accession and the economic policy of Estonia …

This Selected Issues paper and Statistical Appendix analyzes the progress made by Estonia since independence. It takes … stock of the developments in the banking system and describes how the number of banks in Estonia has been reduced through a … in Estonia …

This 1999 Article IV Consultation highlights that real GDP growth of Estonia slowed to 4 percent in 1998. Tighter … Russian crisis on growth was relatively modest, mainly because Estonia had reoriented most of its trade to the West and the …

This Selected Issues paper on the Republic of Estonia highlights its growth performance relative to other countries in … the European Union (EU). Estonia has experienced a period of unprecedented growth since the mid-1990s. Between 1995 and … 2005, Estonia’s real GDP per capita rose by an average of 61⁄2 percent a year, exceeding the annual growth rates of all …

Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of … arrangements and the EU banking union can enhance financial stability. Estonia needs to safeguard its external competitiveness …

This report describes recent economic developments in the Republic of Estonia. The report highlights that after a … GDP by sector reflect the continuing adjustment of Estonia’s economy to fundamental systemic change and the institutional …

This Selected Issues paper assesses the economic recovery in Estonia that began in 1994 and accelerated in 1995 … lists the policy requisites to maintain, and indeed strengthen, the growth momentum. The paper also analyzes Estonia …