The monetary system in Estonia is based on the currency board arrangement with German Mark. The strong commitments and rule-based features of currency board imply that there is no active monetary policy in Estonia – all necessarily monetary djustments are left to the market forces. Under fixed exchange rate and free capital mobility Estonian monetary conditions are therefore closely linked with monetary policy in Europe – in addition to the changes in Estonian risk-premium, interest rate developments in Europe can directly influence Estonian interest rates. Those monetary signals transmit widely into Estonian financial sector and ultimately into Estonian real sector through various channels. The interest rate and credit channel have gained ...
The study looks at the effects of the introduction of the euro on the Estonian economy. A priori, in...
International audienceThis paper deals with the monetary policy transmission channels of six Central...
The transmission channels of monetary policy are used by central banks to accomplish the main object...
The monetary system in Estonia is based on the currency board arrangement. The strong commitments an...
Nearly twenty years have passed since the beginning of the transition from the planned economy to th...
The paper empirically investigates the monetary transmission mechanism in the Baltic States. The ana...
This paper describes the operation of the Estonian currency board arrangement that has pegged the Es...
This paper reviews the history of the introduction of the Estonian kroon under a currency board arra...
CEE countries have passed the process of transition to market economy and eight of them, including E...
After its independence from the FSU, Estonia has attained economic shock reforms focused on the EU a...
The main purpose of this paper is to trace the Estonian way to the European Monetary Union. This pr...
While the currency board served Estonia well during transition in the 1990s, it has limited its abil...
The aim of this work is an analysis of the too fast ingestion of the common European currency which ...
While the currency board served Estonia well during transition in the 1990s, it has limited its abil...
Abstract: The paper describes Lithuanian monetary and exchange rate developments. Experiences of the...
The study looks at the effects of the introduction of the euro on the Estonian economy. A priori, in...
International audienceThis paper deals with the monetary policy transmission channels of six Central...
The transmission channels of monetary policy are used by central banks to accomplish the main object...
The monetary system in Estonia is based on the currency board arrangement. The strong commitments an...
Nearly twenty years have passed since the beginning of the transition from the planned economy to th...
The paper empirically investigates the monetary transmission mechanism in the Baltic States. The ana...
This paper describes the operation of the Estonian currency board arrangement that has pegged the Es...
This paper reviews the history of the introduction of the Estonian kroon under a currency board arra...
CEE countries have passed the process of transition to market economy and eight of them, including E...
After its independence from the FSU, Estonia has attained economic shock reforms focused on the EU a...
The main purpose of this paper is to trace the Estonian way to the European Monetary Union. This pr...
While the currency board served Estonia well during transition in the 1990s, it has limited its abil...
The aim of this work is an analysis of the too fast ingestion of the common European currency which ...
While the currency board served Estonia well during transition in the 1990s, it has limited its abil...
Abstract: The paper describes Lithuanian monetary and exchange rate developments. Experiences of the...
The study looks at the effects of the introduction of the euro on the Estonian economy. A priori, in...
International audienceThis paper deals with the monetary policy transmission channels of six Central...
The transmission channels of monetary policy are used by central banks to accomplish the main object...
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