Republic of Estonia : Selected Issues

1ESTEA2006002 Image
Price:  $18.00

Release Date: © November, 2006
ISBN : 978-1-45181-251-0
Stock #: 1ESTEA2006002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Balance of payments , Balance of trade , Competition , Current account , Economic development , Exports , International trade , Investment




More publications in this series: IMF Staff Country Reports