Republic of Estonia: Selected Issues

November 4, 2005

Summary

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.

Subject: Balance of payments, External position, Financial integration, Financial markets, Foreign assets, Foreign direct investment, Inflation, International investment position, Prices

Keywords: B. inflation background, Baltics, core inflation, CR, EU inflation, Financial integration, Foreign assets, Foreign direct investment, headline inflation, headline inflation in inflation criterion, headline inflation variability, Inflation, inflation component, inflation variance, International investment position, ISCR, underlying inflation

Pages:
36
Volume:
2005
DOI:
https://doi.org/10.5089/9781451812503.002
Issue:
395
Series:
Country Report No. 2005/395
Stock No:
1ESTEA2005002
ISBN:
9781451812503
ISSN:
1934-7685

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