Eesti Pank Annual Report 2009

MAIN FEATURES AND FUNCTIONS OF EESTI PANK

FOREWORD BY GOVERNOR OF EESTI PANK

ACCOUNTABILITY

Legal framework for accountability and compulsory publications of the central bank
Accountability vis-à-vis the Riigikogu
Regular reporting on economic policy views and publication of economic data

STRATEGIC OBJECTIVES FOR PERFORMING THE MAIN FUNCTIONS OF EESTI PANK

THE FUTURE ROLE OF EESTI PANK AS A MEMBER OF THE EURO AREA

Monetary policy and economic analysis
Reserve management and foreign currency operations
Cash and payment and settlement systems
Statistics
Assets and liabilities of the central bank after the changeover

MAJOR ACTIVITIES AND ACHIEVEMENTS OF EESTI PANK IN 2009

MONETARY POLICY

Economic analysis, forecast and research
Monitoring
Economic reviews
Economic forecast
Economic research

RESERVE MANAGEMENT

Structure of foreign exchange reserves
Investment process
Results and determinants of investment in 2009
Changes in the benchmark portfolio in 2009
Asset management services provided to the public sector

ENSURING FINANCIAL STABILITY

Financial sector analysis and financial stability assessment
Measures adopted to ensure financial stability
Changes in the EU financial stability framework
Payment and settlement systems oversight

DEVELOPMENTS IN STATISTICS

Banking and other financial statistics
Balance of payments statistics
General economic statistics

PAYMENT AND SETTLEMENT SYSTEMS

Development of the payment and settlement systems
Settlements

MEETING THE CASH DEMAND

Banknotes and coins in circulation
Expert analysis and handling of cash
Preparation of new banknotes and coins

COOPERATION

INTERNATIONAL COOPERATION
Cooperation with European Union institutions
European Systemic Risk Board
Cooperation with the International Monetary Fund
Cooperation with the Bank for International Settlements
Cooperation with rating agencies
DOMESTIC COOPERATION

PUBLIC RELATIONS

Principles of public relations
Media relations and public appearances
90th anniversary of Eesti Pank
Celebration of the historical premises of Eesti Pank
Eesti Pank Museum

GOVERNANCE, ORGANISATION AND HUMAN RESOURCES POLICY

Governing and decision-making bodies of Eesti Pank
Development of the management system and work organisation of Eesti Pank in 2009
e-Eesti Pank in 2009
Eesti Pank's human resources policy

ANNUAL ACCOUNTS OF EESTI PANK for the Financial Year Ended 31 December 2009

ANNEXES

GLOBAL ECONOMY IN 2009

United States and Japan
Euro area

ESTONIAN ECONOMY IN 2009

NON-FINANCIAL SECTOR
Monetary policy environment
Domestic and external demand
Inflation
General government
Sovereign rating
FINANCIAL SECTOR
The banking sector
Securities market
Other financial intermediaries

KEY POINTS OF EESTI PANK'S ECONOMIC FORECASTS IN 2009
 

DECREES, DECISIONS AND PUBLICATIONS
DECREES OF THE GOVERNOR OF EESTI PANK IN 2009
DECISIONS OF THE SUPERVISORY BOARD OF EESTI PANK IN 2009
PUBLICATIONS OF EESTI PANK IN 2009