Republic of Estonia: Selected Issues

International Monetary Fund

No 2005/395, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on the Republic of Estonia underlies gross and net international investment positions. Capital gains have been exceptionally beneficial to Malta’s external position, but have significantly worsened Estonia’s NIIP, and to a lesser degree, positions in Hungary and Slovenia. In examining the economic and institutional composition of gross international investment positions, the differences between those in Cyprus and Malta, and in the other new member states is stark. Greater financial integration is associated with greater economic openness, but the influence of levels of economic development is mixed.

Keywords: ISCR; CR; headline inflation; B. inflation background; EU inflation; core inflation; headline inflation variability; inflation variance; headline inflation in inflation criterion; underlying inflation; inflation component; Inflation; International investment position; Financial integration; Foreign direct investment; Foreign assets; Baltics (search for similar items in EconPapers)
Pages: 36
Date: 2005-11-04
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