Republic of Estonia : Selected Issues.

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...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Staff Country Reports; Country Report ; No. 2006/419
Online Access:Full text available on IMF
Description
Summary: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 integral to convergence. A key question raised by this analysis is whether the large external imbalances and the counterpart buildup in external obligations will be smoothly reversed.
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Physical Description:1 online resource (46 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students