Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 105
... Estonia's gold and convertible foreign exchange reserves , ( 2 ) the exchange rate of the kroon will be determined by the Bank of Estonia with respect to the German mark and the Bank of Estonia has no right to devalue the kroon , ( 3 ) the ...
... Estonia's gold and convertible foreign exchange reserves , ( 2 ) the exchange rate of the kroon will be determined by the Bank of Estonia with respect to the German mark and the Bank of Estonia has no right to devalue the kroon , ( 3 ) the ...
Page 120
... bank regulations enhance the self - control of market participants , strengthen corporate governance , follow ... Estonia Act and Other Monetary Legislation Estonian monetary legislation is based on two pillars . The first of them comprises ...
... bank regulations enhance the self - control of market participants , strengthen corporate governance , follow ... Estonia Act and Other Monetary Legislation Estonian monetary legislation is based on two pillars . The first of them comprises ...
Page 121
... Bank of Estonia , the Board is responsible for the formulation of monetary policy and means of its implementation . The governor is by law responsible for implementation of the monetary policy , for the general management of the central ...
... Bank of Estonia , the Board is responsible for the formulation of monetary policy and means of its implementation . The governor is by law responsible for implementation of the monetary policy , for the general management of the central ...
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accession countries adjustment adopt the euro anchor currency assets average Bank of Estonia Bank of Lithuania banking sector banking system budget Bulgaria candidate countries capital movements cent central bank commercial banks competitiveness credibility currency board arrangement currency board system Currency Commission current account deficit debt Directorate domestic Economic and Financial Economic and Monetary economic policy EMU acquis ERMII Estonian kroon Estonian monetary euro area European Commission European Union exchange rate policy exchange rate regime exports Financial Affairs financial markets financial sector fiscal policy fixed exchange rate flexibility foreign exchange framework growth Hong Kong Honohan implementation important increase inflation integration interbank interest rates investment Irish pound joining the euro liquidity litas macroeconomic Member monetary policy monetary system Monetary Union money market nominal participation payments percent period real exchange rate reserve requirement Russian crisis seigniorage stabilisation trade transition economies wages