Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 89
... system Although experiences in some economies , including HK , suggested ... banking sector not to follow the 1.5 % rate hike in the UK and the ... system can trigger destabilising interest rate arbitrage activities and threaten exchange ...
... system Although experiences in some economies , including HK , suggested ... banking sector not to follow the 1.5 % rate hike in the UK and the ... system can trigger destabilising interest rate arbitrage activities and threaten exchange ...
Page 94
... bank liabilities to non - residents ; however , to encourage the growth of long - term credit resources in the banking system , the reserve requirement is no longer applied on deposits in banks with maturity over one year . The ...
... bank liabilities to non - residents ; however , to encourage the growth of long - term credit resources in the banking system , the reserve requirement is no longer applied on deposits in banks with maturity over one year . The ...
Page 108
... banking sector in Estonia have undergone substantial development throughout the last decade . Both in terms of ... system and establishing a two - tier banking system . New banks were set up and existing Soviet banks were broken - up and ...
... banking sector in Estonia have undergone substantial development throughout the last decade . Both in terms of ... system and establishing a two - tier banking system . New banks were set up and existing Soviet banks were broken - up and ...
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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