EESTI PANK ANNUAL REPORT 2007
- MAIN FEATURES AND FUNCTIONS OF EESTI PANK
- FOREWORD BY GOVERNOR OF EESTI PANK
ACCOUNTABILITY
Legal framework for accountability and compulsory publications of the central bank
Accountability vis-à-vis the Riigikogu
Regular reporting on economic policy views and publication of economic data
- STRATEGIC OBJECTIVES FOR PERFORMING THE MAIN FUNCTIONS OF EESTI PANK
- FIFTEEN YEARS OF THE ESTONIAN KROON
- 1992-1994. Monetary reform and reorganisation of the banking system
- 1995-1998. Development and stabilisation of the banking sector
- 1999-2004. Closer integration with Europe
- 2004-2006. On the way towards the Economic and Monetary Union as an EU member state
MAJOR ACTIVITIES AND ACHIEVEMENTS OF EESTI PANK IN 2007
- MONETARY POLICY
- Ensuring the smooth functioning of Estonia's monetary policy framework
- Main characteristics of Estonia's monetary system
- Monetary policy in 2007
- Preparations for bringing the Estonian monetary system into conformity with the requirements for
joining the euro area
- Economic analysis, forecast and research as the basis for monetary and financial policy-making process
- Monitoring
- Economic reviews
- Forecast
- Research
- Reserve management
- Structure of foreign exchange reserves
- Investment process
- Results and determinants of investment in 2007
- Changes in the benchmark portfolio in 2007
- Asset management services provided to the public sector
- ENSURING FINANCIAL STABILITY
- Financial sector analysis and financial stability assessment
- EU financial sector policy
- Safety net
- Banking legislation
- Payment and settlement systems oversight
- DEVELOPMENTS IN STATISTICS
- Banking and other financial statistics
- Balance of payments statistics
- General economic statistics
- CURRENCY CIRCULATION
- Development of the payment and settlement environment
- Meeting the cash demand
- Banknotes and coins in circulation and their structure
- Expert analysis and handling of cash
- Defective 100-kroon banknotes
- Preparation of new banknotes and coins
- ORGANISATION AND COOPERATION
- International cooperation
- Regular cooperation with European Union institutions
- European Central Bank
- Council of the European Union
- European Commission
- Role of Eesti Pank after the adoption of the euro
- Cooperation with the International Monetary Fund
- Cooperation with rating agencies
- Cooperation within Estonia
- Cooperation with the Office of the President of the Republic
- Cooperation with the Ministry of Finance
- Cooperation with the Financial Supervision Authority
- Cooperation with the Estonian Banking Association and Estonian banks
- Public relations and communications
- Principles of informing the public
- Media relations and public appearances
- Museum of Eesti Pank
- Governance, organisation and personnel policy
- Eesti Pank's governing and decision-making bodies
- Supervisory Board of Eesti Pank
- Governor of Eesti Pank
- Executive Board of Eesti Pank
- Monetary Policy Committee
- Cooperation with the Financial Supervision Authority
- Development of the management system and work organisation of Eesti Pank in 2007
- Definition of organisational values and value-based management
- Regular study of management quality and appraisal interviews
- Process management
- Management accounting
- Risk management
- e-Eesti Pank 2007
- Eesti Pank's personnel policy
- Employees
- Development and training
- Hobbies and traditions of the staff
- ANNUAL ACCOUNTS OF EESTI PANK
for the Financial Year Ended 31 December 2007
- AUDITOR'S REPORT
- ANNEXES
- GLOBAL ECONOMY IN 2007
- The United States and Japan
- Euro area
- ESTONIA'S ECONOMY IN 2007
- Non-Financial sector
- Monetary policy environment
- Domestic and external demand
- Inflation
- General government
- Issues related to the date for the adoption of the euro
- Sovereign rating
- FINANCIAL SECTOR
- Banking sector
- Institutional development
- Assets and liabilities of banks
- Profitability
- Capital adequacy and risks
- Loan-servicing capability and risks
- Securities market
- Bond market
- Stock market
- Other financial intermediaries
- Investment and pension funds
- Payment instruments
- Developments in the real estate market
- KEY POINTS OF EESTI PANK'S ECONOMIC FORECASTS IN 2007
DECREES, DECISIONS AND PUBLICATIONS
DECREES OF THE GOVERNOR OF EESTI PANK IN 2007
DECISIONS ADOPTED BY THE SUPERVISORY BOARD OF EESTI PANK IN 2007
PUBLICATIONS OF EESTI PANK IN 2007
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