Republic of Estonia: 2013 Article IV Consultation

May 13, 2013

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Republic of Estonia: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess policy trade-offs and avoid procyclical policies. Financial sector stability can be safeguarded by strengthening macroprudential policies. Deeper Nordic-Baltic cross-border prudential arrangements and the EU banking union can enhance financial stability. Estonia needs to safeguard its external competitiveness, address skill mismatches, and accelerate human capital accumulation.

Subject: Banking, Expenditure, External debt, Financial derivatives, Financial institutions, Inflation, Prices, Public debt

Keywords: Baltics, Core inflation, CR, Economy, Energy market liberalization, Exchange arrangement, Faster-than-expected euro area recovery, Financial derivatives, Global, Inflation, ISCR, Ministry of Finance homepage, Monetary policy interest rates, ROSC

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/114
Stock No:

1ESTEA2013001
ISBN:

9781484310380
ISSN:

1934-7685

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