Capital Inflows, Household Debt and the Boom‑bust Cycle in Estonia
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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资源简介：
From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom,
fuelled by capital inflows and credit, resulted in skyrocketing house prices and an over-expanded construction sector.
However, the currency board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy
framework...
