Estonian Economy and Monetary Policy 2/1999
Monetary Developments & Policy Survey. Third Quarter of 1999
CONTENTS
- I. SURVEY OF THE ECONOMIC POLICY
- Monetary Developments
- Financial Sector
- Real Economy and External Sector
- Government Sector
- Economic Policy Conclusions
- II. ECONOMIC DEVELOPMENTS IN THE AUTUMN OF 1999
- EXTERNAL ENVIRONMENT
- Developed Countries
- Emerging Countries
- Price Developments
- Prices for Raw Materials
- Stocks
- Interest Rates
- Currencies
- ESTONIA'S ECONOMY
- Domestic Demand
- Private Consumption and Investments
- Government Sector
- Domestic Saving
- Domestic Supply
- External Sector
- Trends in the Immediate Future
- BACKGROUND INFORMATION
- WHY WAS THE 1999 GROWTH FORECAST OVERESTIMATED?
- EXPORT OF ESTONIA'S SERVICES AFTER THE CRISIS
- III. INFLATION
- Consumer Prices
- Other Prices
- IV. MONEY AND CREDIT MARKETS
- Capital Flows
- Monetary Aggregates
- Money Market
- Liquidity Buffers in the Banking Sector
- Short-Term Interest Rates
- Estonia's Inter-Bank Money Market Interest Rates and Turnover
- Weighted Average Short-Term Lending Rates
- Credit Market
- Long-Term Interest Rates
- BACKGROUND INFORMATION
- PREPARATION STRATEGY FOR THE EUROPEAN ECONOMIC AND MONETARY UNION
- Monetary Policy Aspects in the Enlargement Process of the European Union
- Estonia's Monetary Policy Framework Until Accession to the Euro-zone
- V. FINANCIAL SECTOR
- Banking
- Banks' Assets and Their Quality
- External Liabilities
- Return on Equity
- Securities Market
- Bond Market
- Stock Market
- Other Financial Intermediaries
- Insurance
- Investment Funds
- Leasing
- Payment System