Eesti Pank Annual Report 1994
THE BOARD OF EESTI PANK
EXECUTIVE MANAGEMENT OF EESTI PANK
FINANCIAL COMMITTEE
BANKING SUPERVISORY COMMITTEE
COMMITTEE OF INFORMATION TECHNOLOGY
ORGANISATIONAL CHART OF EESTI PANK AS OF 31 DECEMBER 1994
EESTI PANK - 75
Tasks of Eesti Pank
ESTONIAN ECONOMY IN 1994
GENERAL FEATURES
Economic environment and sources of economic growth
Financing economic growth
Economic growth in 1994
Structural changes in the economy and employment
Changes in employment and the official unemployment 1993/1994
INFLATION
Reasons for inflation in a transition economy
Inflation factors
Inflation components
INCOME AND CONSUMPTION
Nominal and real income
Wages and salaries by industries
Real wage and its changes
Private consumption
GOVERNMENT SECTOR
Development of the fiscal system
Revenues and expenditures of the fiscal system
New tendencies in budget policy
Foreign loans
FOREIGN TRADE
OTHER CAPITAL FLOW
MONETARY POLICY SURVEY
Estonian monetary policy in 1994
The effectiveness of the monetary system
ESTONIAN FINANCIAL MARKET
Overnight market in 1994
Development of the market for Eesti Pank short-term certificates of deposit
The forwards and swaps of Eesti Pank
Capital markets in Estonia
Estonian Central Depository for Securities
Founding Estonian Export Credit Institution
ESTONIAN BANKING IN 1994
General trends on the banking market
Looking into the future
BANKING SUPERVISION
THE CRISIS OF EESTI SOTSIAALPANK AND EESTI TÖÖSTUSE ARENGU PANK
ORGANISATION OF BANKING SUPERVISION
Stricter requirements
Organisational changes
LEGISLATION AND NORMS
Law on Credit Institutions
Improving the banking regulations
Institutional subordination of the banking supervision
INTERNATIONAL COOPERATION IN BANKING SUPERVISION
CASH
Breakdown of cash issued as of 30 December 1994
Movement of cash
Activities of the Money Laboratory of Eesti Pank in 1994
SETTLEMENTS
Settlements within Estonia
International settlements
RELATIONS WITH INTERNATIONAL ORGANISATIONS
ANNUAL ACCOUNTS OF EESTI PANK for the Financial Year Ended 31 December 1994
BALANCE SHEET OF EESTI PANK
PROFIT AND LOSS ACCOUNT OF EESTI PANK
NOTES TO THE FINANCIAL STATEMENTS OF EESTI PANK