The Resource Estonia and Euro Adoption : Small Country Challenges of Joining EMU, Zuzana Brixiova, Margaret Morgan and Andreas Wörgötter, (electronic resource)

Estonia and Euro Adoption : Small Country Challenges of Joining EMU, Zuzana Brixiova, Margaret Morgan and Andreas Wörgötter, (electronic resource)

Label
Estonia and Euro Adoption : Small Country Challenges of Joining EMU
Title
Estonia and Euro Adoption
Title remainder
Small Country Challenges of Joining EMU
Statement of responsibility
Zuzana Brixiova, Margaret Morgan and Andreas Wörgötter
Creator
Contributor
Subject
Language
eng
Summary
Estonia gave up the exchange rate and monetary policy tools of macroeconomic management when it introduced its currency board in 1992. While the currency board arrangement served the country well during transition in the 1990s, it offers limited flexibility to implement policies that would ease the EU convergence as well as mitigate the global financial and economic crisis. The ongoing financial crisis has made euro adoption more attractive than ever and put it on the top of the country's policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen other adjustment mechanisms to shocks, including flexibility of the labour market, further improving its environment to do business and a framework, which allows for anti-cyclical fiscal policies
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Brixiova, Zuzana
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Morgan, Margaret
  • Wörgötter, Andreas
Series statement
OECD Economics Department Working Papers,
Series volume
no.728
http://library.link/vocab/subjectName
  • Economics
  • Estonia
Label
Estonia and Euro Adoption : Small Country Challenges of Joining EMU, Zuzana Brixiova, Margaret Morgan and Andreas Wörgötter, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762083342
Dimensions
21 x 30 cm
Extent
1 online resource 27 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/220860037027
Specific material designation
remote
System control number
(OCoLC)762083342
Label
Estonia and Euro Adoption : Small Country Challenges of Joining EMU, Zuzana Brixiova, Margaret Morgan and Andreas Wörgötter, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762083342
Dimensions
21 x 30 cm
Extent
1 online resource 27 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/220860037027
Specific material designation
remote
System control number
(OCoLC)762083342

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