OECD Economic Surveys

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OECD Economic Studies are periodic reviews of member and non-member economies. Reviews of member countries and some non-member countries are on two-year cycle; other selected non-member countries are also reviewed from time to time. Each Economic Survey provides a comprehensive analysis of economic developments, individual chapters covering key economic challenges, and policy recommendations for dealing with these challenges.

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OECD Economic Surveys: Baltic States 2000

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01 Mar 2000
9789264177413 (PDF) ;9789264175419(print)

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OECD's 2000 survey of the Baltic economies. This edition includes special features coering banking and financial system reform, enterprise reform and economic restructuring, and labour market and social policy developments in Estonia, Latvia, and Lithuania.
Also available in French
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Table of Contents

Policy insights from a decade of Baltic transition
I. Overview of the transition process

-Context, and structure of the study
-The Soviet period and the similar starting point of transition
-Management of the transition: different paths during 1990-98
-Developments and problems in the real economy
II. Monetary developments and policy
-Background: institutional parallels and similar policy choices
-First steps towards monetary stabilisation
-Securing stabilisation and building monetary credibility
-Sustainability of the monetary framework
III. Comparison of developments in fiscal policy
-Fiscal policy at the centre of macroeconomic policy making
-Reform of the tax system
-Management of expenditure
-The Russian crisis: a source of divergence
-Policy challenges ahead
IV. Banking and financial sector reform
-Initial explosion in the number of banks
-... but, weak supervision invited banking crises
-Faster international integration and financial deepening followed financial crisis
-Testing the new financial structures: the Asian and Russian crises
-Further bank consolidation and financial deepening is needed
V. Enterprise reform and economic restructuring
-A comparison of the privatisation process in the Baltics
-Establishing the links between privatisation and corporate governance
-Regional and sectoral dimensions of enterprise restructuring
VI. Labour market and social policy developments
-A tremendous transition shock
-The worst hardships have been overcome, but moderate poverty persists
VII. Integration in the world economy and regional co-operation
-Trade liberalisation has led sectoral adjustment
-Economic integration of the Baltic countries
-Foreign investment liberalisation should be pursued further
-I. Agriculture in Estonia, Latvia and Lithuania: developments and policies
-II. Statistical Annex

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