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Republic of Estonia :, Financial System Stability Assessment

This paper presents key findings of the Financial System Stability Assessment of the Republic of Estonia. The Estonian financial sector is highly concentrated and foreign owned. Financial indicators suggest a sound banking sector, and show particular strength in asset quality and earnings. The paper reveals that the Estonian banking sector has significant vulnerabilities from its real-estate lending. The rapid expansion of the banking sector has been funded, to a large extent, by short-term foreign borrowing from parent banks, making Estonia vulnerable to a disruption in international financial markets
Table Of Contents
Cover; Contents; Glossary; Executive Summary; Boxes; 1. Priority Recommendations; I. Background, Financial Structure and Risks; A. Macroeconomic Context; Figures; 1. Current Account Developments, 2001-08; 2. Average Apartment Price, 2000Q1-2008Q1; 3. Number of Apartment Transactions and Median Price, Jan 2004-Nov 2008; 4. Contributions to Inflation, Dec 1999 to Nov 2008; Tables; 1. Sectoral Balance Sheet Exposures, December 2007; 5. Net FX Liquidity Position by Sector, 2007; B. Financial Structure; II. Financial Stability Assessment; 6. The Baltics Structure; 7. Private Credit
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (43 p.)
Specific Material Designation
Form Of Item

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