Eesti Pank Annual Report 1997
WORLD ECONOMY AND FINANCIAL MARKETS IN 1997
Major Industrial Countries
USA
Japan
European Union Member Countries
Germany
Great Britain
Sweden
Finland
Transition Economies in Central and Eastern Europe
Survey of Emerging Markets
Czech Republic
Poland
Hungary
Slovenia
Russia
Lithuania
Latvia
Russia
ESTONIAN ECONOMY
Short Survey
Demand
Domestic Demand
External Demand: Export of Goods and Services
Domestic Supply
External Supply: Import of Goods and Services
Investments
Saving
Foreign Financing
Public Sector
Fiscal Policy
Revenue
Expenditures
Budget Balance
Inflation
Unemployment, Income and Consumption
Labour Market
Average Wage
Income and Savings
Balance of Payments for 1997
International Investment Position and Net External Debt
FINANCIAL SECTOR
Banking System
Assets of Credit Institutions
External and Own Funds of Credit Institutions
Residents' Liabilities
Non-residents' Liabilities
Profitability and Profit of Credit Institutions
Non-banking Financial Intermediation
Debt Securities Market
Stock Market
Investment Funds
Leasing Companies
Insurance
MONETARY POLICY
Monetary Policy Framework and Current Experience
Operational Framework of Monetary Policy
Structure of the Central Bank's Monetary Policy Framework
Measures to Strengthen the Liquidity System
Further Measures to Improve the Operational Framework of the Monetary Policy
Monetary Policy Indicators
Monetary Aggregates
Loans
Money and Foreign Exchange Market
Interest Rates
BANKING SUPERVISION
General Development of Supervision in Estonia
Development of Banking Sector and Priorities of Supervision
Revision of Banking-related Legislation
Risk Management Systems
Prudential Ratios
Management and Internal Audit Unit
Supervision of Information Systems
Restructuring of the Banking System
International Co-operation in the Field of Supervision
CASH
Issue of Banknotes and Coins and Their Structure
Cash Movement
Withdrawal of Worn-out Banknotes
Activities of the Money Laboratory
PAYMENT AND SETTLEMENT SYSTEM
Settling of Payments
Payment Instruments
Cash
Non-cash Payment Instruments
EESTI PANK'S STATISTICAL ACTIVITY
Balance of Payments
Changes in the Balance of Payments Statistics
Banking Statistics
Development of Banking Statistics in 1997
International Requirements
International Monetary Fund
Special Data Dissemination Standard
Institutions of the European Union
INTERNATIONAL CO-OPERATION
European Union
EU Decisions and Agenda 2000
Pre-accession Strategy and Preparations for the Accession Negotiations
Co-operation Between the EU and Estonia in the Economic Policy
International Monetary Fund
Other International Financial Organisations
Co-operation with Central Banks of Other Countries
Co-operation in Technical Assistance
International Monetary Fund
European Union
Bilateral Direct Contacts with Central Banks
DEVELOPMENT OF EESTI PANK ORGANIZATION AND PERSONNEL
Governing Bodies of the Bank
Committees
Structural Divisions
Personnel
Planning and Development Activities
ANNUAL ACCOUNTS OF EESTI PANK for the Financial Year Ended 31 December 1997
BALANCE SHEET OF EESTI PANK as of 31 December 1997
PROFIT AND LOSS ACCOUNT OF EESTI PANK for the Year Ended 31 December 1997
Statement of Changes in Capital and Reserves for the Year 1996 and 1997
Notes to the Financial Statements of Eesti Pank
REPORT OF THE AUDITORS TO RIIGIKOGU AND TO THE BOARD OF EESTI PANK